Honda Canada EV Delay

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Honda, EV and Canadian Investment

Joly says Honda still committed to EV investments after $15-billion project delayed

Industry Minister Mélanie Joly says Honda Canada remains "fully committed" to major electric-vehicle investments in Canada after the company announced Tuesday that it was pausing a multibillion-dollar EV project in Ontario.

The Canadian Press on MSN · 39m

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Honda’s EV delay shows how Canada’s new Industry Minister has her work cut out for her

· 10h · on MSN

Honda Blames EV Slowdown For Icing $15 Billion Canadian Investment

Honda Canada postpones multibillion EV investment project in Ontario

The decision has no impact on current employment at the Honda manufacturing plant in Alliston, Ontario, he added.

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Japan's Honda projects plummeting profits due to Trump's tariffs

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Tariff Misery in Japan: Honda and Nissan Forecast Plunges in Profit

1don MSN

Honda to postpone plans for EV plant in Canada for at least 2 years

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.

Canada Confident About EV Strategy Amid Honda Setback -- 2nd Update

Research from Canada's parliamentary budget watchdog indicates that manufacturers, between 2020 and 2024, unveiled plans to invest roughly $33 billion in EV and related supply-chain production. The Canadian government pledged $22 billion in financing and tax breaks to lure those companies.

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Honda delays $15 billion EV build as demand stalls and tariffs bite

Honda Motor has delayed its planned $15bn electric vehicle (EV) battery and assembly facility in Ontario by approximately two years, citing slowing EV demand and tariff impacts, as reported by Reuters .