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Posted on 06/02/2026 5:35:01 AM PDT by Red Badger
Honda Motors reported its first annual loss in nearly 70 years, which came as a result of an emphasis on electric cars.
The Japan-based car company has been listed on the stock market since 1957, but the combination of electric vehicle bets and Trump trade policies led to its first-ever year in the red.
"EV demand has declined considerably, due to the rollback of environmental regulations in the U.S. and other factors," Honda said in a statement, per a report from Fox Business.
The company faces $9 billion in restructuring costs because of the lackluster electric vehicle demand.
It suffered a $2.7 billion loss in the past fiscal year, according to a report from the Associated Press.
Honda was hit with $9 billion in restructuring costs based on low electric vehicle demand and President Donald Trump's "Made in America" policies. https://t.co/xlXb8VndfW
— KTVU (@KTVU) May 19, 2026
Honda Motors CEO Toshihiro Mibe confirmed that it would scrap a previous target to make electric vehicles account for 20 percent of profits by 2030.
Total losses from electric vehicles are expected to hit $16 billion.
"We will continue our research to develop future technologies including electric vehicle batteries," Mibe remarked, per Fox Business.
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Hardly any one wants plug in hybrids. Regular hybrids do much better and exceed EV sales ...
Tisk, tisk...
The approach to EV’s has been so wrong. I love EV’s in theory. The reality is they should be much cheaper with limited bells and whistles, along with a range of about 90 miles. In this way, they can just be an extra car for driving around town as 95% of daily driving is less than 80 miles.
That is what we did with ours until I sold it a couple of years ago - a 2015 Nissan Leaf that I put almost 85,000 miles on over 8 years.
They are best as just one of your cars.
Unfortunately, they keep approaching it like a replacement for ICE vehicles and gear them as “luxury”. The insane focus on unnecessary range increases has completely flipped the way EV’s should fit into the market on its head.
The technology is still in its infancy, and there will undoubtedly be newer advancements that will extend range and reduce charge times. Whether or not the major car companies can survive until those come on line is another question. For now, Hybrids are the way to go................
I think Briggs & Stratton are out of business altogether now.
This is the future, if the greenies get their way:
https://cottagecraftworks.com/clipper-push-reel-lawn-mowers
The base problem with electric vehicles is the false premise that electricity is cheaper, cleaner, more sustainable than fossil fuels. Its not.
When localized small nuclear or fusion power generators or their equivalent are refined and allowed, making charging available at massive transfer rates there will be a place for EV’s in the scheme of things. But the entire EV vehicle and infrastructure platform is just so stupid it is hard to even discuss it in rational terms.
Hybrids are shit on a stick. You sacrifice everything, speed power economy repairability, to drive a disposable time bomb around.
Honda posts first-ever loss, plans big hybrid pivot and scraps all-EV 2040 goal
05/14/2026 6:52:34 AM PDT · by lasereye · 45 replies Yahoo Finance ^ | May 14, 2026 | Pras Subramanian · Senior Reporter
https://freerepublic.com/focus/f-news/4379198/posts
I have no sympathy for any of the major car makers regarding the EV fiasco. While it’s true they were being forced by the Biden Administration to build stuff no one wanted, not one of them stood up and said they were going to go broke building EV’s or they were going to go broke from government penalties so 🖕the government mandates, we’re going to build what the customer wants.
“EV’s are all shit.”
Please, now you’re going to activate the Trump-hating EV shills here.
That’s about right................
My take on this is that the politicians colluded among themselves to pass the trillion dollar subsidies, then bought stock in the affected EV companies. The stock soared.
Then the politicians learned said subsidies would stop, they sold their stock, and had a nice payday. Those pimps and whores in Kongress could not care less about the environment, America or Americans. By now, only a fool would not realize they're in office purely as a business move.
Millennials have destroyed the automotive industry, at bare minimum..
Yes, I am. They can’t hold two apparently conflicting concepts in stasis. They are on Team EV and no amount of logic, reason or evidence to the contrary will overcome their aversion and denial. Perhaps when they try to trade in that two year old $66,000 EV with the little dent on the battery housing under the car and it turns out to be a salvage car worth $13,000 in parts, they can get the message. Or, when their insurance company will not renew their homeowner policy.
You know I always hear how Hondas are so reliable and I don’t think it’s true of every model. For example, you never ever see an old Honda Prelude on the road. I had one that died with 140,000 miles on it, never to run again. I sold it to some guy for almost nothing and he never could get it to run. What a pile!
So now we have to worry about large lithium batteries spontaneously combusting as well as illiterate immigrant drivers on the roads.
Wait wot.....they installing acres of solar cells....hope that are hail proof.
Highway 101 jammed with 165 battery powered trucks waiting to re-fuel....problem is most of them are permanently shut down as the drivers were using the AC in 100 degree heat.
Emergency call for big tow trucks sent out.
National guard using tanks to move stalled electric vehicles off the road
News at 11.
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