The cancellation by GM and Honda is the latest in a growing number of decisions by automakers to scale back or scrap previously announced EV plans.
GM and Honda have canceled plans to jointly develop affordable electric vehicles as they face slower-than-expected demand and changing market conditions.
The cancellation is the latest in a growing number of decisions by automakers to scale back or scrap previously announced EV plans.The 2024 Honda Prologue is one of two EVs being made by General Motors for the Japanese automaker, utilizing its Ultium battery technologies.it was announced is the latest in a string of decisions by automakers, specifically GM, to scale back or cancel previously announced EV plans.
Since the automakers first announced the partnership, the outlook for EVs has dimmed due to higher costs, lack of infrastructure and slower-than-expected consumer demand.
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