These 18 Automakers Are Walking Away From EV Plans [Yahoo! Finance]
Honda Motor Company, Ltd. (HMC)
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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
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HMC
News
- Death by Tariffs: Volvo Discontinuing Entry-Level EX30 EV in the US [CNET News]CNET News
- Honda Warns of $15.7 Billion EV Charge as Auto Business Losses Deepen [Yahoo! Finance]Yahoo! Finance
- Honda cancels 3 planned EV models for US [FOX Business Network]FOX Business Network
- War's impact on oil prices shifts interest about used EV market [USA TODAY]USA TODAY
- Honda Motor Co., Ltd. (HMC) Q4 2026 Press Conference Call Transcript [Seeking Alpha]Seeking Alpha
HMC
Sec Filings
- 3/12/26 - Form 6-K
- 2/10/26 - Form 6-K
- 12/16/25 - Form 6-K
- HMC's page on the SEC website