Tokyo, March 12, 2026 (AFP) - Electric vehicle rethink to cost Honda almost $16 billion

NAMPA / AFP

2026-03-12

Japan's Honda said Thursday it expected to book nearly $16 billion in expenses and losses related to a major reorientation of its electric vehicle (EV) strategy, blaming US policy changes and tariffs. "Honda believed EVs would be the optimal solution from a long-term perspective. Based on this belief, Honda shifted its strategic direction toward the popularisation of EVs," the firm said. But it added that the profitability of its auto business wa......

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