TOKYO -- Honda Motor will scale back its electrification strategy, lowering planned investment through the fiscal year ending March 2031 by 30% to 7 trillion yen ($48.5 billion), the automaker announced Tuesday.
Automobiles
Honda scales back electrification investment plan by 30%
Japanese company shifts focus to hybrid cars as EV adoption slows
Honda President Toshihiro Mibe speaks at a press conference in Tokyo on May 20. (Photo by Nanami Sato)
Read Next
.JPG?width=700&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=394)
Latest on Automobiles
