Honda Slashes EV Investment, Prioritizes Hybrids
By Ayomide Otitoju Honda Motor Co. has announced a significant reduction in its planned investment for electric vehicle (EV) production, citing sluggish global demand, and will instead ramp up its focus on hybrid vehicles. CEO Toshihiro Mibe confirmed on Monday that the automaker has revised its electrification and software investment target down to 7 trillion…