<ul><li>Honda is pivoting towards hybrids by reducing EV investment by $20 billion amidst a sales slowdown and regulatory changes.</li><li>CEO Toshihiro Mibe highlighted the necessity of the strategic shift due to a decline in EV sales and regulatory changes impacting the market.</li><li>The decision to focus on hybrids comes after the failed merger with Nissan, adding pressure on Honda to secure its future.</li><li>Honda aims to launch 13 new hybrid models globally from 2027, with the goal of selling 2.2 million hybrids annually by 2030 while still aiming for 100% zero-emission vehicle sales by 2040.</li></ul>

Honda plans a $20 billion pivot to hybrids as EV sales slow

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