Honda Ramps Up The Production Of Hybrids, Scales Down Evs

(MENAFN- Investor Brand Network) Honda Motor has announced that it is scaling back its battery electric vehicle (BEV) investment to focus on producing hybrid cars. Waning demand for electric vehicles, coupled with sluggish EV sales, was the primary driver behind Honda's decision to pivot to hybrid vehicles.

All eyes will now be on other major players like Massimo Group (NASDAQ: MAMO) in the automotive space to see how they are...

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