Honda scraps 3 EVs planned for the US, blaming tariffs and Chinese competition

Honda has canceled three electric vehicle models—the Honda 0 SUV, 0 Saloon, and the electric Acura RSX—originally planned for the U.S. market. The company attributed this decision to the negative impact of President Donald Trump’s tariffs on its gas and hybrid vehicle business, creating a challenging earnings environment. Additionally, Honda cited increased competition from Chinese EV manufacturers and slowing growth in the U.S. market as key factors influencing the cancellations. In response, Honda plans to reassess its resource allocation and focus more on strengthening its hybrid vehicle lineup in the U.S. The company warned that these strategic changes could result in costs up to $15.7 billion. This move places Honda among several established automakers that have recently scaled back or abandoned their electric vehicle plans for the U.S. market.