What the Iran War Could Mean for Electric Vehicle ETFs [Yahoo! Finance]
Honda Motor Company, Ltd. (HMC)
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Source: Yahoo! Finance
It's more than just range anxiety. Things weren't looking great for the electric vehicle market as it is, with Trump administration policies taking away tax incentives and culling regulations that were hurdles to the oil industry. One major auto manufacturer, Honda , took a big step back from its EV plans, citing billions of losses stemming from its investments in the tech. Industrywide, new-car sales slumped , and EVs barely off the lot suffered dramatic depreciation, while company profits declined . But that was just a few weeks ago. Since then, the US and Israel have waged a war with Iran, and the most critical bottleneck for oil transport in the world has been closed. Suddenly, the outlook for EVs, including a handful of exchange-traded funds focused on the market, may be improving. The Bloomberg Electric Vehicles Total Return Index, for example, was up 4% year to date as of Friday, compared with the S&P 500's 7% decline. “Consumers will be reminded, going to the pump, that p
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HMC
Sec Filings
- 4/2/26 - Form 3
- 3/27/26 - Form 3
- 3/27/26 - Form 3
- HMC's page on the SEC website