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Stock impact report

These 18 Automakers Are Walking Away From EV Plans [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
Autoblog and Yahoo may earn commission from links in this article. After growing nearly eightfold between 2019 and 2023, demand for battery-electric vehicles flattened out last year, then took a dive off a cliff after federal tax credits phased out at the end of September. That's sent an array of automakers scrambling to rethink their EV programs and, by Autoblog's count, at least 18 brands have now decided to drop existing models, scrap upcoming plans or, at the least, stretch their launches out, hoping to see demand rebound. As automakers cut back on EV programs the impact will be felt by workers in the U.S., including those putting together battery packs at the Honda EV Hub in Ohio where the automaker planned to build its 0 Series models. Honda became the latest to join the exodus on Thursday, CEO Toshihiro Mibe telling reporters in Tokyo that the automaker needed to ‘stop the bleeding,” as it prepared to report losses that could reach more than $15 billion for the fiscal ye Show less Read more
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