Industry
Honda bets $3 billion on hybrids in U.S. after shelving EVs
Honda plans to invest $3 billion in a U.S. hybrid strategy, building a new auto plant in Ohio centered on hybrid and gasoline vehicles but designed to make EVs if needed. It will be Honda’s fourth auto plant in Ohio and ninth U.S. auto-related production facility. Honda also plans to roll out at least 15 new hybrid models globally, with many allocated to the U.S. market.
