As with many other car manufacturers, Honda has scaled back its EV ambitions. Last year, it allocated 10 trillion yen ($68 billion) for electrification, only to cut that by 30 percent a few months ago. The company had also aimed for purely electric cars to account for 30 percent of annual sales by the end of the decade, but that target is no longer in place. In a new statement, Honda makes it clear it doesn't see EVs as the only route to carbon neutrality.
