welcome
CityNews

CityNews

Technology

Technology

Honda pulls back on EV strategy for now and will push hybrid sales

CityNews
Summary
Nutrition label

86% Informative

Honda pulls back on EV strategy for now and will push hybrid sales instead.

CEO calls the decisions “a switch in the planned course,” while stressing the long-term shift toward electrification remained unchanged, just pushed back in time.

Honda ’s profit for the fiscal year through March slipped 24.5% from the previous year .