aerospace / news / / CBC.ca
Honda Motor plans to more definitively halt development on its $15-billion electric vehicle complex in Canada.
Honda plans to halt development of its $15-billion EV complex in Canada due to weak U.S. demand.
KEY POINTS
- The company is shifting its North American strategy to prioritize hybrid vehicles over full EVs.
- No government funds from the $5 billion in pledged Canadian support have been released to Honda.
- U.S. policy changes, including reduced EV incentives and weaker fuel standards, influenced Honda's decision.
COMPANIES
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