Honda bets on hybrids as mainstay of U.S. electrification into early 2030s

Automobiles Honda bets on hybrids as mainstay of U.S. electrification into early 2030s Japanese automaker raises full-year profit forecast as weak yen trumps costly EV retreat Honda Motor is revising its business plan, which had been heavily focused on EVs. (Photo by Akitoshi Sugiura) RYOHTAROH SATOH November 10, 2026 15:44 JST Updated on November 10, 2026 17:41 JST TOKYO -- Honda Motor expects that hybrid vehicles will continue to be the main driver of electrification in the U.S. into the early years of the next decade as the Japanese automaker is betting on the technology while making a hasty retreat from the costly electric vehicle push. Read Next Automobiles Honda to build first US auto plant in 2 decades as hybrid demand rises Business deals Toyota supplier buys Nissan-linked peer amid China competition Automobiles Japan's Subaru to go EV-only in Europe by 2028 Automobiles Honda, Mitsubishi solidify rival camp to Toyota with pickup partnership Automobiles Toyota, Honda resume Thai production after floods as supply chains come back Automobiles Honda to sell Thai-built Mitsubishi pickup under own brand in Southeast Asia Latest on Automobiles Automobiles Honda to build first US auto plant in 2 decades as hybrid demand rises Automobiles Toyota set to bring Camry back to Japan with reverse imports from US Automobiles Japan headlight king Koito tears down Chinese rivals' lamps for bright ideas Sponsored Content About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.