For the past 20 years, those who use cars for transportation have begun to consider another option for their everyday lives: the electric vehicle. Switching from a traditional vehicle to an EV could solve quite a slate of problems.

The Japanese carmaker plans to reduce its investment in electric vehicles by more than $20 billion in the coming years as EV demand growth slows.

The Honda Motor Company announced Tuesday it will cut back on its previous investment plan for electric vehicle technology in response to its disappointment in the growth of the EV market.

Honda has secured the trademarks relating to its V3 engine concept, and they point to two versions of the innovative machine

Honda Motor Co. released its financial results for the fiscal year ending March 31, 2025, revealing a mixed performance across its business segments. While overall profitability declined, the company’s motorcycle business continued to show strength and resilience.

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.

Rancher, Foreman 4x4, and Foreman Rubicon are here, ready to work and play. The most affordable model starts at $6,249

The Honda X-ADV engine is a 745cc liquid-cooled SOHC 8-valve parallel-twin engine, delivering 43.1 kW of power and 69 Nm of torque. It has Hondas acclaimed Dual Clutch Transmission (DCT) for seamless gear shifts.