Honda suspends C$15 billion Canada EV investment indefinitely
Updated
Updated · Bloomberg · May 8
Honda suspends C$15 billion Canada EV investment indefinitely
3 articles · Updated · Bloomberg · May 8
The halted plan centred on Alliston, Ontario, where Honda had pledged one of Canada’s biggest private-sector investments with federal and provincial support.
The suspension follows US tariffs, cuts to EV subsidies and Honda’s broader EV losses, including a nearly $16 billion impairment charge disclosed in March.
Analysts warn tariffs on Canadian-built vehicles threaten the wider auto sector, where Honda and Toyota produced 77% of Canada’s vehicles last year and depend on North American market access.
Can Canada’s pivot to Chinese EVs save its auto industry without triggering further U.S. trade retaliation?
Amid rising tariffs and geopolitical risks, is the integrated North American auto supply chain permanently broken?