Honda delays its $15 billion investment in Canada due to slowing EV demand. The postponement affects plans for a 240,000-vehicle EV plant and battery facility. EV sales continue to rise in Canada ...

Fully electric vehicles made up 11.4 per cent of sales. In the U.S., EV sales were up 7.3 per cent for 2024 from a year earlier and made up 8.1 per cent of total sales, according to Cox Automotive.

By Paul Vieira and Robb M. Stewart. OTTAWA--Honda Motor said it is postponing by about two years an $11 billion electric-vehicle manufacturing project in Canada, citing weaker-than-expected EV sales.

Honda postpones its $15B Ontario EV project due to slowing EV demand and U.S. tariffs. ... Honda delays a large electric vehicle investment in Canada. May 13, 2025 11:35 AM ET Honda Motor Co., ...

By Paul Vieira and Robb M. Stewart . OTTAWA--Honda Motor said it is postponing by about two years an $11 billion electric-vehicle manufacturing project in Canada, citing weaker-than-expected EV sales.

OTTAWA--Canadian Finance Minister François-Philippe Champagne remains confident in the government's growth strategy of luring electric-vehicle production through tens of billions in incentives ...

TORONTO - Honda has postponed a $15-billion electric vehicle project in Ontario, citing market demand, and is shifting some production of its popular CR-V model intended for the U.S. market ...

By Paul Vieira and Robb M. Stewart . OTTAWA--Honda Motor said it is postponing by about two years an $11 billion electric-vehicle manufacturing project in Canada, citing weaker-than-expected EV sales.

TORONTO — Honda has postponed a $15-billion electric vehicle project in Ontario, citing market demand, and is shifting some production of its popular CR-V model intended for the U.S. market to its ...

Fully electric vehicles made up 11.4 per cent of sales. In the U.S., EV sales were up 7.3 per cent for 2024 from a year earlier and made up 8.1 per cent of total sales, according to Cox Automotive.