Honda Leaves Door Open to Revise EV Strategy

Honda Motor Co. said it’s open to altering its electrification roadmap if demand for pure battery cars continues to wane, a sign the Japanese automaker may ultimately join international peers in walking back electric vehicle targets.

“There’s enough room to adjust the time line of establishing EV factories globally and change our strategy should things move in an unexpected direction,” Chief Executive Officer Toshihiro Mibe told investors at Honda’s technology day last week. That could include delaying setting up some battery production lines, he said.