Honda Scraps Three Planned EVs as it Reorients Toward Hybrids
Honda is canceling the planned launches of three EVs (the Honda 0 SUV, Honda 0 Saloon, and Acura RSX) as it reassesses its EV strategy amid U.S. policy shifts and rising competition from China. The company will refocus on hybrids, warns of record losses for the year ending March 2026 with operating expenses projected at 820 billion–1.12 trillion yen and total costs potentially reaching 2.5 trillion yen. The move contrasts with peers pursuing volume EVs, while Honda cites a tougher competitive environment and consumer concerns as key headwinds.
