Honda, GM cancel plans to develop sub-$30,000 EVs

Honda CEO Toshihiro Mibe — Honda CEO Toshihiro Mibe: "After studying this for a year, we decided that this would be difficult as a business, so at the moment we are ending development of an affordable EV."

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By:

Bloomberg

October 25, 2023 10:20 AM

Honda has canceled plans to jointly develop affordable electric vehicles with General Motors due to a changing business environment, Honda CEO Toshihiro Mibe said.

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