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The Economic Times

Economy / The Economic Times

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Hondas electric vehicle rethink to cost nearly $16 billion

Honda's recent pivot towards electric vehicles comes at a staggering cost of $15.7 billion, driven by shifting US policies, increased tariffs, and the cessation of tax incentives. As a result, the company is scrapping several EV models intended for the North American market.

12 Mar 2026 2:23 pm