Honda doubles down on hybrids as it absorbs $9B EV write-down
Facing a 28% drop in US EV sales and a $9 billion write-down that marked Honda’s first annual loss, the automaker plans a major pivot to hybrids, reallocating resources, retooling plants for hybrid production, and launching 15 hybrid models by 2030—most aimed at North America—while restructuring battery plans and regional strategies.