Citing massive losses and a cooling market, the Japanese auto giant is backing away from an all-electric future in a huge blow to the EV industry and a sign that the road to clean cars just got a lot bumpier.

  • Buffalox@lemmy.world
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    1 month ago

    Honda Is Giving Up on the All-Electric Dream

    I don’t think so, EU and China are going fully electric within a decade, AFAIK those 2 markets are more than half the total global market for cars. So giving up on EV, they might as wall just close down.

    The move is a major setback for the EV industry

    LOL no. Honda is a late adopter and is still only a minor player in the EV industry.

    This may be somewhat true for USA, but USA is fucked anyway, with tariffs ruining competition, so Americans can only buy shitty cars or overpriced cars, but that would be an entirely different story. But the US market in no way represent the global EV industry.