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Honda revealed prototypes of two new hybrid models, an Accord sedan and the Acura RDX SUV, during its annual business briefing this week, built on a platform that it says will begin launching next year. The RDX was announced earlier this year as Honda’s first SUV to feature the next-gen version of its two-motor hybrid system.
Honda also announced it’s dropping the goal of having one-fifth of its sales be EVs by 2030, and for 100 percent of its sales to come from EVs and fuel cell vehicles by 2040. Honda now plans to “reallocate more development and production resources into hybrid models.”
In March, Honda announced it would take a writedown of up to 2.5 trillion yen ($15.7 billion) on its EV investments. Now Honda says its EV-related losses will be “resolved” by 2029, and that it will reevaluate its EV plans in 2030.
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