"Honda's cancellation of three electric vehicles has triggered a ripple effect, causing Sony Honda Mobility to also abandon its plans to enter the EV market."
"Despite its early adoption of hybrid technology, Honda has struggled with battery-electric cars, as evidenced by the limited success of the Honda e, which sold only 12,000 units in four years."
"The Prologue, Honda's more successful model in North America, sold 33,000 units in 2024, but its sales have plummeted since the federal clean vehicle tax credit ended."
"An earlier plan to utilize GM's battery platform for lower-cost EVs, expected to launch in 2027, was scrapped in late 2023, further complicating Honda's EV strategy."
Honda has canceled plans for three electric vehicles in the US, leading to the decision by Sony Honda Mobility to also halt its EV market entry. Despite being an early hybrid technology adopter, Honda has lagged in battery-electric vehicle development. The Honda e has seen limited success, selling only 12,000 units in four years. In North America, the Prologue performed better with 33,000 sales in 2024, but sales have declined significantly since the end of the federal clean vehicle tax credit, leading to production cessation.
Read at Ars Technica
Unable to calculate read time
Collection
[
|
...
]