Honda bosses blamed disappointing demand and moves by foreign governments to roll back green regulations designed to encourage EV purchases - Honda. Honda is scaling back investme

Honda Motor said on Tuesday that it was scaling back its investment in electric vehicles given slowing demand and would be focusing on hybrids, now far more in favour, with a slew of revamped models.

On Tuesday, the Japanese carmaker said it will focus on hybrid cars, and will launch 13 models between 2027 and 2031 as easier environmental regulations and global trade uncertainties have slowed the adoption of electric cars in the developed countries.