Honda Kills U.S. EV Plans | Business and Finance News

Honda’s electric SUV, the Prologue, is being discontinued in the U.S. after just one model year, citing weak demand and a steep sales drop — a move that reflects a broader pivot away from EVs for now. Built by GM, the Prologue sold just 40,000 units annually, far below the CR-V, while Honda’s hybrid lineup surged. The company is shifting focus, launching 15 new hybrid models by 2030, while still selling EVs overseas. This pause comes amid a $10 billion write-off from canceled EV plans and a net loss — as U.S. EV sales also slow, Honda’s strategy is clear: hybrids first, electrification later. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/77ce5b33ce657d6f