Honda is shifting its North American strategy away from full electrification, pausing a Canadian EV value-chain project and redirecting Ohio plant capacity toward hybrid and gas vehicles. This pivot comes with a projected $15.7 billion in restructuring costs as the company responds to shifting market demand. The automaker now plans to launch 15 new hybrid models by 2030. While this move focuses on short-term profitability and consumer demand, it signals a retreat from Honda's previous goal to phase out internal combustion engines by 2040.
