Honda plans a $20 billion pivot to hybrids
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CATL, the world’s largest maker of electric-vehicle batteries, is expanding production, while Honda is cutting spending plans. Oddly, both stocks are up.
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AutoGuide on MSNThese 10 Cars Will Make Your Insurance Go UpFull-coverage car insurance rose, on average, 10% over the last year.In actual dollars, according to Insurify.com, the average rate rose from $2,102 to $2,302 in the last 12 months.Naturally, though,
At one point, the average for passenger vehicles and light trucks was supposed to hit approximately 50.4 miles per gallon by 2031. You're going to need a lot of hybrids to pull that off, or EVs, which don't use fuel at all and thus drive the average down significantly.
Electric vehicles continued to outpace the overall US auto market in March as buyers scooped up savings before higher
Despite the whirlwind of headlines about auto tariffs, EV mandates, and even the potential loss of EV tax credits, Americans are still very much interested in EVs. Including those not named Tesla.
About 8 out of 10 Cadillac EV buyers are new to the brand. Also, Honda wants to wait out the U.S. government and hope the trade situation improves.
One week after announcing it would postpone by at least two years its large-scale investments to establish an electric vehicle supply chain in Ontario, Honda now says it plans to cut R&D investment in electrification and software by 30 percent through the end of the decade.