Honda Plans To Invest Almost $65 Billion on EV Strategy Through Fiscal 2031

KEY TAKEAWAYS Japan's carmakers have long produced hybrid vehicles but are increasingly amping up their EV production, even as companies are scaling back their EV expansion plans amid soaring costs and slowing demand. Chinese EV firms have also been launching cheaper models and dominating their domestic market. Honda 'Confident That the EV Shift Will Continue to Proceed Steadily' Honda and domestic rival Nissan said they were exploring an EV partnership in March. Honda said Thursday that it believes that EV ...