Honda Canada EV Delay

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Honda, Canada and EV

Honda to postpone plans for EV plant in Canada for at least 2 years

Honda said its plan to build an EV supply chain in Alliston, Ont. — which was first announced in April 2024 — would be paused for about two years, due to uncertainty caused by tariffs.

The Globe and Mail · 1d

Honda’s EV delay shows how Canada’s new Industry Minister has her work cut out for her

Among the major government-backed EV-making investments announced in the past few years, Honda’s stands to be both the biggest and the best value from a Canadian perspective

Seeking Alpha on MSN · 1d

Honda delays a large electric vehicle investment in Canada

Honda Motor (NYSE:HMC) announced on Tuesday a two-year postponement of its ambitious $15 billion electric vehicle investment project in Ontario. The Japanese automaker pointed to a slowdown in global EV demand and mounting economic uncertainty linked to new U.

8hon MSN

Honda Blames EV Slowdown For Icing $15 Billion Canadian Investment

Honda’s CA$15 billion commitment was touted by former Prime Minister Justin Trudeau as the “largest auto investment in Canada ...

The Auto Wire on MSN12h

Honda Delays Canadian Manufacturing Project

Just such a development has come from Honda before it launched into a $15 billion CAD EV manufacturing campus. Now it seems ...

59m

Canada Confident About EV Strategy Amid Honda Setback -- 2nd Update

Research from Canada's parliamentary budget watchdog indicates that manufacturers, between 2020 and 2024, unveiled plans to invest roughly $33 billion in EV and related supply-chain production. The ...

Wealth Professional12h

Honda delays $15 billion EV build as demand stalls and tariffs bite

Honda Motor has delayed its planned $15bn electric vehicle (EV) battery and assembly facility in Ontario by approximately two ...

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