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0 -0.000384393619065847 -0.00192196809532964 -0.000192196809532923 -0.000188352873342273 0.000192196809532923 -0.000768787238131831 0.00211416490486257
Stock impact report

Petrol price spike won't help us sell electric vehicles, say carmakers [Yahoo! Finance]

Honda Motor Company, Ltd. (HMC) 
Last honda motor company, ltd. earnings: 2/7 03:16 am Check Earnings Report
US:NYSE Investor Relations: world.honda.com/investors
Company Research Source: Yahoo! Finance
Car manufacturers have dismissed the prospect of drivers rushing to buy electric vehicles as the war in the Middle East drives up petrol prices. The Society of Motor Manufacturers and Traders (SMMT) said the idea that a higher cost for filling up will prompt consumers to embrace battery cars is a “simplistic assumption”. Mike Hawes, the SMMT's chief executive, said the wider economic impact of the Iran war and oil costing more than $100 a barrel will more than offset any spur to EV sales from prices at the pump. He said: “It's going to affect the price of gas and electricity prices in the UK are linked to gas. So the price of charging will go up. “But also the impact this is having on interest rates and potentially inflation, which spills through to consumer confidence. It will not help the industry to sell more EVs if the whole economic situation deteriorates.” Honda said on Thursday it expected to post its first annual net loss since the 1950s after scrapping three electr Show less Read more
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