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Honda Halts Canada EV Plant Amid Shifting Auto Market

Honda cancels its $11B EV and battery plant in Canada due to a slowing US EV market and increased competition. This follows the cancellation of several EV models and reflects a broader shift in the auto industry away from EVs towards hybrids.

6 May 2026

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Ford Backs Off EV-Only Strategy In Europe By 2030: ‘It Was Too Ambitious’

A day after announcing it would spend billions to build gas-powered trucks at a North American plant once earmarked for electric vehicles, Ford's European division also admitted it would rethink its plans to go all-EV there by the next decade.

19 Jul 2024