According to Nikkei, Honda plans to launch a smaller EV priced under $30,000 in the US as early as 2026. It will be made locally, starting with the batteries, to cut costs. The new EV is expected to be the entry-level model for its upcoming Honda 0 Series. It will be a cornerstone for Honda’s global expansion.

The company has a target to have battery-powered and fuel-cell vehicles make up all of its new car sales by 2040. Shares of Honda Motor ( HMC) traded flat in premarket action at $28.80 vs. the 52-week range of $23.41 to $37.90.

Honda will build an electric vehicle in the United States and sell it for less than US$30,000 in response to the US government's import tariffs. The news was reported by Japanese financial outlet Nikkei which reported Honda’s plan to manufacture a small electric vehicle in Ohio.

Honda Motor Co., a Japanese automotive giant, is poised to make a significant push into the North American electric vehicle (EV) market with a strategic focus on affordability. According to a report in the Nikkei newspaper, Honda plans to introduce a compact EV priced below $30,000 as early as 2026.

TOKYO (Reuters) -Japan's Honda Motor plans to launch a small electric vehicle priced below $30,000 in North America by as early as 2026, the Nikkei newspaper said on Tuesday, as it plays catch-up in the battery-powered car market.

After CES, we had the chance to visit Honda’s North American headquarters in Los Angeles for a closer look at the show cars. Inside the studio, we explored their cabins and lear