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Honda Cancels Only US EV, Tells Owners to Buy Gas Instead

By Electrek · Summarized & edited by · 2026-07-24
Honda Cancels Only US EV, Tells Owners to Buy Gas Instead

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Why it matters: Honda is abandoning the EV market at precisely the moment surging global oil prices and record heat waves are making electric cars more attractive, and its own Prologue customers report near-universal refusal to return to gas vehicles. The up to $15.7 billion projected loss — Honda's first ever annual loss — ties directly to the cancellations, tariffs, and Chinese competition cited by the company.

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