Mibe did not give a specific timeline for a new course for electrification. But Honda, which makes the Civic and Accord car models, will be more aggressive in producing hybrids instead, he said.

Honda CEO Toshihiro Mibe is adjusting his company’s course after recent events drastically altered the global outlook for combustion and electric vehicles. During the company’s annual business ...

In its 2025 Business Briefing, an annual report outlining its strategy, chief executive Toshihiro Mibe said that Honda was reducing its planned global investment in EVs by 30 per cent — to $67.5 ...

My InsiderOn Tuesday, CEO Toshihiro Mibe said the automaker would cut its EV investment by 30% from $69 billion (10 trillion yen) to $48.4 billion (7 trillion yen) through the 2031 fiscal year ...

Mibe explained that due to the changes to its previous plan, Honda's global EV sales ratio in 2030 is expected to fall below its former target of 30%. However, due to a reportedly high demand for ...

Honda said Tuesday electric vehicle sales were slowing in the U.S., prompting the Japanese automaker to scrap its previous goal for EVs to be 30 per cent of its global vehicle sales by 2030 ...

CEO Toshihiro Mibe fleshed out the plans May 20 at the company’s annual business briefing, saying the R&D spending on EVs and software will total ¥7 trillion ($48.28 billion), down from ¥10 ...

“It has become increasingly clear that the environmental regulations, which held promise for the widespread adoption of EVs, are becoming relaxed, mainly in the U.S. and Europe,” Mibe said during a ...

Mibe did not give a specific timeline for a new course for electrification. But Honda, which makes the Civic and Accord car models, will be more aggressive in producing hybrids instead, he said.

We will decide then by looking at various situation," Mibe said. Honda also said the ratio of EV sales to total in 2030 is expected to be around 20 percent, lowering its estimate from the 30 ...

Honda EVP Resignation: Aoyama joined Honda in 1986 and has held several senior positions in recent years as one of CEO Mibe's top lieutenants, including as Chief Operating Officer and head of the ...