Honda, Ontario and electric vehicle investment
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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 has announced a two-year pause on its Ontario investments that included retooling an assembly facility and building an EV plant.
Japanese auto giant Honda has pumped the brakes on its $15 billion plan to build an electric vehicle supply chain in Canada, blaming "changing market conditions” for a decision that
Honda is also postponing its $11 billion investment in Ontario EV factories due to slowing demand in North America.