Honda shows off new hybrids for America as it absorbs $9 billion EV loss

Honda is rebuilding its business after a $9 billion loss due to the US electric vehicle market decline, canceling planned EVs and announcing new hybrids for America. The company's first operating loss in history was caused by the loss of federal clean vehicle tax incentives and funding for charging infrastructure. Honda CEO Toshihiro Mibe announced the plan to rebuild its business in Tokyo.