LISTEN: Honda Kills 3 EV Models That Were Scheduled for U.S. Production

Honda has decided to cancel the development and market launch of three electric vehicle models that had been planned for production in North America.Honda 0 SUV, Honda 0 Saloon, and Acura RSX were all scheduled to enter production at the automaker’s EV hub in Ohio. The vehicles first rolled out as concept prototypes at CES 2025, where Honda touted them as “near-production designs.” But now, the company has determined that starting production and sales of these three models in the current business environment where the demand for EVs is declining significantly would likely result in further losses over the long term.In the near term, though, the losses will be huge. Honda is expecting to take a $15.7 billion hit. As Reuters points out, the charges will drive Honda to its first annual loss in the nearly 70 years it's spent as a listed company.#Honda #ElectricVehicles #EVMarket #AutoIndustry #AutomotiveNews #EVNews #ManufacturingNews #OhioManufacturing #Acura #CES2025 #AutoIndustryTrends #EVTransition #Tariffs #GlobalAutomotive #HybridVehicles #AutomotiveStrategy #IndustryNews #BusinessNews #EVProduction #AutomotiveManufacturing