Honda to postpone plans for EV plant in Canada for at least 2 years

Thomson Reuters

· Posted: May 13, 2025 8:11 AM EDT | Last Updated: 7 minutes ago

Japan's Honda Motor Co. forecast a 59 per cent nett alteration successful the existent fiscal twelvemonth and said it would enactment connected clasp a program to physique an EV proviso concatenation successful Canada, amid the uncertainty stemming from U.S. President Donald Trump's tariffs. 

Honda's forecast is the latest awesome of the trouble car makers are having navigating Trump's tariffs connected foreign-made automobiles astatine the aforesaid clip the manufacture is being deed by the emergence of Chinese EV producers. 

Honda said it would enactment connected clasp for "approximately 2 years" a program announced with large fanfare by Canadian politicians successful April 2024 to physique an EV proviso concatenation successful Alliston, Ont. The determination was taken owed to the existent slowdown successful EV demand, it said. 

Talks betwixt Honda and Nissan to merge broke disconnected earlier this year, though the 2 inactive person an statement to co-operate connected technology. 

"Although the automotive manufacture is successful a precise hard situation, we volition decidedly look for caller directions of maturation done strategical partnerships," Toshihiro Mibe, Honda's main executive, told a quality league connected Tuesday.