<ul data-eligibleForWebStory="false"><li>Honda has reduced its spending on EV models by 30%, redirecting the funds to hybrid drivetrain development instead.</li><li>This decision might be influenced by slower EV adoption rates globally and the elimination of the US federal tax rebate for EVs.</li><li>The budget cut led to the cancellation of a three-row SUV aimed at the North American market, aligning with a trend of other automakers revising their large EV SUV plans.</li><li>Despite the budget cut, Honda still has several EVs in the pipeline, including the Afeela 1 electric sedan, jointly developed with Sony, and the Super EV Concept hatchback.</li></ul>

Honda cuts EV development budget by 30 per cent – report

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