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Honda Delays $15B Ontario EV Project Amid Market Slowdown and Tariff Pressure

by Olawunmi Sola-Otegbade May 14, 2025

by Olawunmi Sola-Otegbade May 14, 2025

Honda Canada is delaying its $15-billion electric vehicle investment in Ontario by two years, citing a cooling EV market and global economic uncertainty. The announcement comes just one year after …

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U.S. auto tariffs Honda

Honda Delays $15B Ontario EV Project Amid Market Slowdown and Tariff Pressure