Honda Ontario Plant Delay Part of Global EV Strategy Shift
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Honda has paused its $15 billion EV investment in Alliston, Ontario, as part of a strategic shift focusing on hybrid-electric vehicles and reducing global EV investment from $96.4 billion to $67.5 billion. The delay is attributed to relaxed environmental regulations in the U.S. and Europe, causing slower EV market growth. Despite the pause, Honda insists the Alliston project remains central in its long-term strategy, with planned support from government tax credits. Honda has been producing vehicles in Alliston since 1986.