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.
Dear FRiends,
We need your continuing support to keep FR funded. Your donations are our sole source of funding. No sugar daddies, no advertisers, no paid memberships, no commercial sales, no gimmicks, no tax subsidies. No spam, no pop-ups, no ad trackers.
If you enjoy using FR and agree it's a worthwhile endeavor, please consider making a contribution today:
Click here: to donate by Credit Card
Or here: to donate by PayPal
Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Thank you very much and God bless you,
Jim
I have a zero-turn John Deere. I expect it to outlive me.
Yeah, all you EV haters keep buying those gas guzzling high maintenance gas cars. I love getting those big oil and gas royalty checks in the mail.
My eyes glaze over at, and my wallet would hurt, doing all that you go thru, for me to drive a vehicle that sits in my garage for 98-99% of the hours/week. Some weeks, it’s 99%+.
We are different. For you, these things are your hobby. Me, I just need to ride occasionally.
Maybe 10 or 12 times a year do I need to drive more than 15 miles round trip. Aww, what the heck, I will be generous and call it 15.
I cut my first lawn as a kid with one of those. 1963. Every little twig I ran over would jam the rotating cutters. Took me two hours for just the front lawn, so the lady gave me $1.25 instead of the dollar we had agreed on.
I have a couple of reel mowers, but I don’t use them as a primary tool. We have a 10,000 sq. ft. lawn and several trees, so twigs can be a challenge, especially if it’s been windy.
They seem to make the grass look nicer, though, and I can use them at hours when a gas mower would be disruptive. I’ve cut my grass at 9:30 at night before.
Gotcha. I bought my prelude brand new and took good care of it. Didn’t matter. I’m sure some models are awesome.
So in a nutshell don't get an EV unless:
1) You're driving at least 12K miles per year on home charged miles.
2) You need two cars anyway (i.e. married) so the other car is a gas car in case some long trips have few good charging options your or your long trips are during the cold up north.
3) You can set up charging at home.
4) You have to replace one of your cars anyway. (It's not gas savings if you're making a car payment for no reason.)
In our case, with solar, the 12K in step 1 is 8K miles for the threshold of do-I-drive-enough-miles-for-an-EV-to-save-me-more-than-it-costs-me. We drive 18K miles per year on home charged miles, well past the 8K miles threshold.
So far for us, we haven't wanted to drive up north during the cold winter. And the only trip we were glad we took the gas pickup is one that involved pickup chore hauling anyway. But I knew that before getting an EV. I knew that most of the trips we like driving are conducive to EV's (fast chargers up and down the eastern seaboard when we visit family, and the ones up north we never visit during the winter).
Wondering how much of Honda’s loss was related to warranty costs?
Going to hybrids is just as stupid. Those batteries cost a fortune and you will not be able to as the years go by.
Tesla makes billions selling carbon credits to the gas car companies. Take away those fake carbon credits and Tesla would be losing money.
“The Tesla Electric semi is going to replace tens of thousands of diesels in many company fleets.”
No, it won’t.
L
That is good planning.
My trips are occasionally N Huntsville to Fayetteville.
Hsv to Decatur a couple times/year; visiting my cousin on the way back.
Various medical, to the Hsv medical area.
The rest are all relatively short hauls.
And this is fine, I am not a goer, by nature.
No one wants EVs with a range under 200 miles. Plug in Hybrids aren't much much better. In 2025 California sold 350K EVs with a range of +200 miles. They only sold 2.4K EV's with a range of less than 200 miles. Plug in Hybrid sales sales came in a 57K.
This is shocking.
CVT CVT CVT CVT TRANSMISSIONS are a weak point in most automobiles since 2012. When they first came in. Nissan’s have the worst reputation. Look up your CVT servicing schedule. Fluid change, inspection and more but it must be done right with the exact right fluid. I get my Honda done next week.
-
-
-
-
-
-
-
-
A typical Honda CVT fluid service interval is:
30,000–60,000 miles for most drivers.
Many Honda owners and independent Honda specialists prefer every 30,000 miles for maximum CVT longevity, especially in hot climates, heavy traffic, mountainous driving, or frequent stop-and-go use.
Under lighter highway-focused driving, 50,000–60,000 miles is often considered reasonable.
If had money to blow I would buy a lighly used Toyota Hybrid Camry. Scotty of you tube got one 6 months ago. MPG 47 for Scotty.
A hybrid is really an ICE car with a battery/electric assist when you need acceleration. For stop n go traffic. The ICE in hybrids is different (Atkinson engine) than ones in non-hybrid automobiles.
great explanation of how hybrids work ..... tune in 12 minutes in https://www.youtube.com/watch?v=KnUFH5GX_fI&t=1161s
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.