Honda is tapping the brakes on one of its loftiest transitional production targets. The company confirmed it no longer expects to hit its goal of making 30% of global car sales EVs by 2030. The ...

Previously, Honda had a target of 30% by the end of the decade, and it now expects to sell just 700,000 EVs among reduced sales goals of 3.75 million cars in 2030. “If the EV penetration period ...

Honda Motor Co. Chief Executive Toshihiro Mibe called the decisions “a switch in the planned course,” while stressing the ...

The company has also paused its $10.7 billion Canadian EV factory conversion for two years, while still committing to a 2040 full electrification goal. Honda said it is abandoning its goal to have ...

May 20 (UPI) --The Honda ... of the EV market. Honda Global CEO Toshihiro Mibe gave remarks at a press conference in Tokyo where he stressed the company plans to achieve a goal to "achieve carbon ...

He also noted that a previously targeted EV sales ratio ... over one percent of Honda's total sales of roughly 3.6 million units. Honda is still committed to its long-term goal of becoming carbon ...

Honda has a goal of only selling electrified vehicles by 2040. Mibe kept that unchanged for now, explaining away the current stagnation in EV sales as a “short-term headwind.” ...

TOKYO (AP) — Honda said Tuesday electric vehicle sales were slowing in the U.S., prompting the Japanese automaker to scrap its previous goal for EVs ... expansion of the EV market due to several ...