Honda cancels three in-house EVs, pivots to hybrids

TL;DR Summary
Honda says it is canceling three near-production EVs—the Honda 0 SUV, the Honda 0 sedan, and the Acura RSX—built on its own Zero platform at the Ohio EV Hub, and will redirect resources to next-generation hybrids, launching EVs only when demand justifies it. The company cites slower US EV demand amid changes to federal tax credits and tariffs, plus stiffer competition in China and shorter production cycles elsewhere. A May strategy update is planned, with expansion in India on the horizon. The restructuring could cost up to 2.5 trillion yen, and top executives will take pay cuts as Honda refocuses its EV efforts.
- Honda cancels three EVs that were months away from US production Engadget
- Honda Announces Losses Associated with Reassessment of Automobile Electrification Strategy; Revision to Forecast for Consolidated Financial Results; and Future Direction Honda Global
- Honda Cancels Plans for Three News EVs as It Scrambles to Rethink Strategy Gizmodo
- Honda flags first annual loss, hit by $15.7 billion EV charge Reuters
- Honda Kills Three Electric Vehicles for U.S. MotorTrend
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