From Motortrend: Honda’s EV Bet Is Costing the Company Billions
The costly mistake of investing too much, too soon in EVs is not a phenomenon felt only by North American automakers. Japanese companies may have been more reserved in their foray into electric vehicles, but that did not make them immune as every carmaker invested in EV development and tooled up plants to make them.
Honda reported that they lost $1.71 billion in the last nine months of 2025, and that could reach $1.86 billion by March, which marks the end of their fiscal year.
Honda is just one more car manufacturer to bet too much on electric vehicles.
For comparison, GM has had to write down about $7.6 billion, Ford is taking $19.5 billion in charges related to strategy changes and an overhaul of its EV business, and Stellantis has taken the biggest hit, writing down $26 billion after cutting back its EV plans.
The European manufacturers have also had problems, but this article doesn't cover that.
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