Japan’s Honda expects to book extra costs of almost $16 billion as it recalibrates its electric vehicle strategy. It blamed US policy changes and tariffs in part, as well as reduced competitiveness in Asia.
Japan’s Honda expects to book extra costs of almost $16 billion as it recalibrates its electric vehicle strategy. It blamed US policy changes and tariffs in part, as well as reduced competitiveness in Asia.
Worse than that: no car maker can survive on the US market alone, and every other market is transitioning towards EV, more or less aggressively. Pretty soon the only thing that will keep the ICE business alive are stupid policies to give them an artificial competitive advantage.
I really don’t get what these CEOs have in their mind. At this stage I assume they’re like big oil execs: maximize short-term revenue, and be long gone when shit hits the fan. But for cars, the end is even closer than for oil.