Honda’s electric vehicle rethink to cost nearly $16 billion
- Posted on March 12, 2026
- By Business News Today
- 4 Views
Honda’s electric vehicle rethink to cost nearly $16 billion
Honda's recent pivot towards electric vehicles comes at a staggering cost of $15.7 billion, driven by shifting US policies, increased tariffs, and the cessation of tax incentives. As a result, the company is scrapping several EV models intended for the North American market.
