Honda Ramps Up the Production of Hybrids, Scales Down EVs
Honda Motor has announced that it is scaling back its battery electric vehicle (BEV) investments to focus on producing hybrid cars. Waning demand for electric vehicles, coupled with sluggish EV sales, was the primary driver behind Honda’s decision to pivot to hybrid vehicles. The Japanese automaker isn’t the first company in the automotive space to scale back its EV investments; most established carmakers had ambitious electrification plans but have been forced to lower their targets after EV demand cratered in 2024 amid rising inflation and high electric vehicle prices. Honda has also dropped its target of achieving 30% electric vehicle…