Honda, EV and Canada
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Honda said its plan to build an EV supply chain in Alliston, Ont. — which was first announced in April 2024 — would be paused for about two years, due to uncertainty caused by tariffs.
Honda Canada is postponing a $15-billion electric vehicle investment project in Ontario, including a proposed EV battery plant and retooled vehicle assembly facility.
The Canadian Press on MSN4h
Joly says Honda still committed to EV investments after $15-billion project delayedIndustry Minister Mélanie Joly says Honda Canada remains “fully committed” to major electric-vehicle investments in Canada after the company announced Tuesday that it was pausing a multibillion-dollar EV project in Ontario.
Ontario Premier Ford is vowing to hold auto companies that pull out from Ontario "accountable" after news that Honda announced it is putting a major electric vehicle supply chain planned for the province on hold.
Honda Motor Co., Ltd.'s FY2025 earnings show strong motorcycle sales, but auto struggles, a 12% profit dip, and FY2026 conservative guidance. Click for more on HMC.
With Canada’s electric vehicle industry stalling this week, some are worried the sector may experience a full-scale power outage in the months ahead.