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Automakers

Honda risks big fines if the e:NY1 stumbles

Honda e:NY1 2023
The Honda e:NY1 (shown) will compete against electric small SUVs such as the MG ZS, Opel/Vauxhall Mokka-e and Peugeot e-2008 while its starting price exceeds the Tesla Model Y electric midsize SUV.
NG
By:
Nick Gibbs
November 14, 2023 05:00 AM

MALSBURY, England -- Honda says its new e:NY1 small electric SUV must account for a fifth of the automaker's overall sales in the U.K. -- its largest European market -- next year. If Honda fails, it faces fines under the country's mandated electric vehicle sales target.

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