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Honda delays its $15B EV project in Ontario by two years due to market slowdown and tariffs.
Honda has postponed its $15-billion electric vehicle (EV) project in Ontario, Canada, by approximately two years due to a slowdown in the EV market and the impact of U.S. tariffs.
The project, which includes a retooled assembly plant and an EV battery plant, was expected to create 1,000 new jobs.
However, the postponement will not affect current employment or production at the Honda plant in Alliston, Ontario.
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Honda retrasa su proyecto de EV de $ 15B en Ontario por dos años debido a la desaceleración del mercado y los aranceles.