May 6, 2026
Honda Cancels Plans to Build $15 Billion Electric Vehicle Factory in Canada: Report
Honda is indefinitely suspending its plan to build a $15 billion electric vehicle (EV) factory in Ontario, according to a Japanese news outlet. Slow demand in the United States had forced the Japanese automaker to put hybrid vehicles at the “centre of its North American strategy,” and freeze plans for the EV factory, Nikkei Asia […]
TL;DR
- Honda is indefinitely suspending its $15 billion EV factory plan in Ontario.
- The decision is due to slow demand for EVs in the United States.
- Honda is shifting its North American strategy to focus on hybrid vehicles.
- This follows a previous announcement by Honda's CEO about postponing large investments in Canada.