Why Honda is Abandoning Plans to Make 3 EVs in the US
After initially pledging to launch a whopping 30 new electric vehicle models by 2030, including three electric SUVs built in the United States, Tokyo-based Honda has revealed that it has shelved plans to build the Acura RSX, 0 Series Saloon, and 0 Series SUV. Like many other carmakers operating in the U.S. market, Honda was enthusiastic about the transition to battery electric cars and planned to invest $65 billion into its electrification efforts. However, just like its counterparts, Honda was forced to downscale its enthusiastic plans for electrification in the face of various mitigating factors. According to a statement from the firm, it is ending plans to produce 3…