Honda To Reduce Investments In Electric Vehicles (EVs) Due To Slowing Demand

Honda Motors has said that it has reduced its planned investments for the next 10 years in electric vehicles & software for electric vehicles. The company has reduced its planned investment to 7 trillion Yen from the earlier planned 10 trillion Yen. The company cited slowing demand for Electric Vehicles (EVs) as reason for its decision to reduce its planned investment. The company has also reduced its estimate for the percentage of EV sales in its total sales by the year 2030. It has reduced this estimate to 20% from the earlier 30%.

Source: https://global.honda/en/

Hondo Will Focus More On Hybrid Vehicles

Honda has also said that instead of focusing solely on pure EVs, it will focus more on hybrid vehicles. Hybrid vehicles can run both on conventional fuel and on electricity. By the end of 2030, Honda will launch 13 new hybrid models. Its target is to sell 2.2 million hybrid cars annually by 2030.

Honda Motor Co’s stock price is up today. At 9:53 a.m. Indian Standard time, the company’s stock price is up by 1.97% at 1,450 Yen. 52- week high price of the stock currently is 1,802 Yen. The stock has lost 8.14% year-to-date in 2025.

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Source: https://global.honda/en/