Honda Postpones $11 Billion Canada EV Project on Weak Sales
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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 is postponing a $15-billion electric vehicle investment project in Ontario, including a proposed EV battery plant and retooled vehicle assembly facility.
Japanese automaker Honda Motor Co. (HMC) is postponing a $15-billion electric vehicle (EV) project in Ontario as it shifts more production to the U.S. due to American import tariffs. In announcing the Canadian manufacturing pause,
Premier Doug Ford says he will hold auto-manufacturers "accountable" and ensure they continue making vehicles in Ontario after Honda postponed a major EV project in the province.
The Canadian Press on MSN18h
Hope remains that Honda’s Ontario EV plant will be built, despite delayHonda said it is delaying its scale-up in the community of Alliston, which includes a battery plant and retooled vehicle assembly line, for about two years as it monitors market conditions.