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Honda Cancels EV Models Amid $15.7 Billion Losses

3/15/2026

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Summary

Story summary

Honda Motor Co., Ltd. will cancel three EV models—the 0 Series Saloon, 0 Series SUV, and Acura RSX.
The company expects losses up to 2.5 trillion yen ($15.7 billion) this fiscal year, citing tariffs and competition.
The move mirrors a broader trend as traditional automakers, including Ford and GM, scale back EV programs.
Honda will shift focus back to hybrid and internal combustion engines, raising questions about its future.

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Story summary

Honda Motor Co., Ltd. will cancel three EV models—the 0 Series Saloon, 0 Series SUV, and Acura RSX.
The company expects losses up to 2.5 trillion yen ($15.7 billion) this fiscal year, citing tariffs and competition.
The move mirrors a broader trend as traditional automakers, including Ford and GM, scale back EV programs.
Honda will shift focus back to hybrid and internal combustion engines, raising questions about its future.