Honda, Canada and electric vehicle investment
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After cutting interest rates this month, the 2025 Honda Prologue is more affordable than ever. The lower APR could
Honda currently sells two EVs: the Prologue and the hydrogen-powered CR-V e:FCEV. However, it will introduce two new EVs, the 0 Saloon and 0 SUV, in 2026.
The Canadian Press on MSN15h
Honda postpones $15-billion EV investment project in Ontario citing market demandTORONTO — Honda has postponed a $15-billion electric vehicle project in Ontario citing market demand. It marks the biggest project delay yet in Canada blamed on the weakened outlook for EV sales, which has been made all the more uncertain because of actions by the Trump administration.
Ontario Premier Ford is vowing to hold auto companies that pull out from Ontario "accountable" after news that Honda announced it is putting a major electric vehicle supply chain planned for the province on hold.
On May 2, General Motors Co. announced it was cutting a third shift at its Oshawa, Ont., assembly plant, where it produces Chevrolet Silverado pickup trucks. Before that, it halted production at its CAMI plant in Ingersoll, Ont., where it made the BrightDrop EV delivery van.
Plans to build electric vehicles (EV) and strengthen the supply chain at the Honda of Canada Manufacturing plant in Alliston have been paused. The announcement came from Japan’s Honda Motor company today (May 13), following a forecasted profit loss, and in the wake of tariffs by United States President Donald Trump.