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Technology

Honda Pauses Canadian EV Expansion Due To Tariffs

Honda United States Canada
  • Honda is postponing its $10.7 billion expansion in Ontario to make EVs and EV components for two years.
  • The brand cites reduced profits from U.S. tariffs and softer-than-expected demand for EVs in the U.S. and Canada.
  • Originally, Honda's new Canadian facilities were supposed to produce up to 240,000 vehicles per year when it went live in 2028.
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