Honda Earnings Take a Hit as EV Demand Cools in Key Markets

Japanese automaker Honda reported a significant 42% profit drop for the first nine months, citing U.S. tariffs and a slower electric vehicle market. Sales also declined, prompting Honda to lower its 2030 EV sales target. This mirrors challenges faced by other Japanese car giants like Toyota.

Honda Earnings Take a Hit as EV Demand Cools in Key Markets
Japanese automaker Honda reported a significant 42% profit drop for the first nine months, citing U.S. tariffs and a slower electric vehicle market. Sales also declined, prompting Honda to lower its 2030 EV sales target. This mirrors challenges faced by other Japanese car giants like Toyota.