Honda to cut back on EV investment due to dissatisfaction in the market
Business
May 20 (UPI) -- The Honda Motor Company announced Tuesday it will cut back on its previous investment plan for electric vehicle technology in response to its disappointment in the growth of the EV market. Honda Global CEO Toshihiro Mibe gave remarks at a press conference in Tokyo where he stressed the company plans to achieve a goal to "achieve carbon neutrality for all products and corporate activities" by 2050, and that EVs are the best way to do so, which is why it first made a decision to
astăzi