Sales in the US grew a sub-average 0.5% last year and Honda’s once-promising China business also has stalled in recent years. Weak results from its core automobile business predates any ongoing issues with EVs, according to Bloomberg Intelligence senior auto analyst Tatsuo Yoshida. His vision of initially achieving 40% EV sales by 2030 — later revised down to 20% — is now in tatters. While Honda’s EV capitulation came late, it had already begun to rethink its approach to the car business. “Through this change, Honda R&D will be further advanced as an R&D organisation capable of continuing to create compelling products, through which Honda will further increase its competitiveness,” it said.

Source: The Edge Markets March 16, 2026 06:34 UTC