Honda, the tariffs
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Jim Hinton, intellectual property lawyer and founder of Own Innovation, says Honda postponing its plan for an EV plant in Canada comes as no surprise and predicts more will fall. He says Canada does not own technology or control companies,
Honda Canada has announced a two-year pause on its Ontario investments that included retooling an assembly facility and building an EV plant.
Honda announced the postponement on Tuesday after forecasting a 59 per cent profit decline in the current fiscal year.
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 Motor has delayed its planned $15bn electric vehicle (EV) battery and assembly facility in Ontario by approximately two years, citing slowing EV demand and tariff impacts, as reported by Reuters .