<ul><li>Honda has revised its electrification plan, opting to decrease EV investments by 30% and focus on new hybrid models instead.</li><li>CEO Toshihiro Mibe stated that due to market conditions, they anticipate EV sales to be around 20% by 2030, lower than the initial target of 30%.</li><li>Honda paused an $11 billion investment in its Ontario factory for EV production and plans to start production of new hybrid models next year.</li><li>The new strategy includes launching 13 new hybrids by 2031, expanding hybrid availability to larger models like the Pilot and Passport, offering a more affordable and convenient alternative to EVs.</li></ul>

Honda Pulls Back On Some EV Plans In Favor of New Hybrid Models

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