Honda overhauls EV plan, warns of multitrillion-yen losses and pivots to hybrids
Honda cancelled three planned US EV models as part of a reassessment of its electrification strategy, revising its FY2026 forecast to show large losses from asset impairments and equity-method investments, with total potential losses up to 2.5 trillion yen. The company will shift focus to hybrids, restructure costs, and plans to unveil a mid-term automobile strategy in May, while dividends remain unchanged under its DOE framework.