Honda EV Investment Pause

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Honda, Ontario and EV

Honda puts two-year pause on $15-billion EV plant in Ontario

Honda Canada has announced a two-year pause on its Ontario investments that included retooling an assembly facility and building an EV plant.

Electric Autonomy Canada · 15h

Honda hits pause on $15-billion EV value chain build out in Ontario

Slower market demand, tariffs and evolving production strategies cited as some of the reasons why Honda is pausing its Canadian EV plans

InsideEVs · 1d

Honda Pauses Canadian EV Expansion Due To Tariffs

Honda is postponing its $10.7 billion expansion in Ontario to make EVs and EV components for two years. The brand cites reduced profits from U.S. tariffs and softer-than-expected demand for EVs in the U.S. and Canada.

Honda’s plans to delay electric vehicle factories ‘a blow to the community’

Honda announced the postponement on Tuesday after forecasting a 59 per cent profit decline in the current fiscal year.

2don MSN

Honda postpones $15B of electric vehicle investments in Ontario

"Due to the recent slowdown of the EV market, Honda Motor has announced an approximate two-year postponement of the ...

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 ...

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