Honda's EV Shift: Loss & Hybrid Focus
Tampa Bay News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Honda faces significant setbacks in its electric vehicle plans, announcing a massive writedown and canceling three U.S. models. The shift comes as demand for pure EVs wanes, favoring hybrids instead. Hondas first annual loss in nearly seven decades is largely due to compensating suppliers and operations in China, where EV sales are minimal. The company now focuses on hybrids in the U.S. and India, with a flexible approach to future EVs.
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