TOKYO (AP) — 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% of its global vehicle sales by 2030 ...

TOKYO (AP) — 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% of its global vehicle sales by 2030.

Business Honda pulls back on EV strategy for now and will push hybrid sales Honda Chief Executive Toshihiro Mibe speaks during a news conference in Tokyo, Japan, Tuesday, May. 20, 2025. Credit: AP ...

Honda’s profit for the fiscal year through March slipped 24.5% from the previous year. But much of the negative impact is from external factors like tariffs and sliding sales in China.

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