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SignalJapan

Honda bets on hybrids as mainstay of US electrification into early 2030s

Honda prioritizes hybrids for US electrification strategy through early 2030s.

Context
What happened: Honda Motor is revising its business plan, which had been heavily focused on EVs, and now expects hybrids to be the main driver of US electrification into the early 2030s. Why it matters: The automaker is betting on hybrid technology while making a hasty retreat from its costly electric vehicle push.
What changed
Honda Motor is revising its business plan, which had been heavily focused on EVs, and now expects hybrids to be the main driver of US electrification into the early 2030s.
Why it matters
The automaker is betting on hybrid technology while making a hasty retreat from its costly electric vehicle push.
Sources
nikkei
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