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Honda

In EV reality check, Honda CEO Toshihiro Mibe cuts sales, investment targets

Honda CEO Toshihiro Mibe, seen here giving a business plan update May 20, 2025, in Tokyo, says the company will scale back investment in EVs and focus on hybrids instead.
Honda has been bullish on EVs. CEO Toshihiro Mibe cited trade policies and looser environmental regulations as causes for the course correction. (HANS GREIMEL/AUTOMOTIVE NEWS)
HG
By:
Hans Greimel
May 20, 2025 07:55 AM
Honda CEO Toshihiro Mibe, seen here giving a business plan update May 20, 2025, in Tokyo, says the company will scale back investment in EVs and focus on hybrids instead.
Honda has been bullish on EVs. CEO Toshihiro Mibe cited trade policies and looser environmental regulations as causes for the course correction. (HANS GREIMEL/AUTOMOTIVE NEWS)

TOKYO — Honda Motor Co. is dramatically reducing its investment and sales goals for EVs amid shifting regulatory and trade policies.

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