Honda reports significant drop in H1 profit

Azernews.Az

7 November 2025 20:36 (UTC+04:00)

Honda cited several factors behind the slowdown. “Following recent U.S. policy changes, including the removal of tax incentives for EV purchases, the easing of emissions regulations, and the imposition of import tariffs, the growth of the EV market in the United States is expected to slow further. As a result, Honda now expects its global EV sales ratio in 2030 to reach 20%, down from the previously announced target of 30%,” the company said.

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