PremiumRiver Akira DavisNew York Times·26 Jun, 2026 12:00 AM7 mins to readHonda was developing several next-generation electric vehicles that were ultimately scrapped because of declining global EV demand. Photo / Getty ImagesA derailed gamble led Honda to its first-ever annual loss and has intensified scrutiny over the future of its chief executive.
He pledged that by 2040, the Japanese automaker – long celebrated for its mastery of internal-combustion engines – would spend tens of billions of dollars to phase them out
