Honda weighs $14B North American EV plant as US tax credit requirements shift
Jan 8
By Jack Aylmer (Reporter/Producer), Emma Stoltzfus (Editor)
Media Landscape
See who else is reporting on this story and which side of the political spectrum they lean. To read other sources, click on the plus signs below.
Learn more about this dataLeft 44%
Center 31%
Right 25%
Bias Distribution
Far
Left
+0
Click to close
Left
+0
Click to close
Honda considers $14 billion plan for EV production in Canada – National
Click to see story on Global News
Honda Eyes Plan to Build $14 Billion Canadian EV Plant: Nikkei
Click to see story on Bloomberg
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Coast Reporter
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Sask Today
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Flin Flon Reminder
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Rocky Mountain Outlook
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on SooToday.com
Honda considers $14-B plan for EV production in Canada
Click to see story on Inquirer
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Barrie Today
Electric Vehicles | Honda Reportedly Considering Building a New Plant in Canada
Click to see story on La Presse
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Prince George Citizen
Honda considering $18.4B EV and battery plant in Canada: media report
Click to see story on Oak Bay News
Honda is considering building an electric vehicle factory in Ontario
Click to see story on Radio-Canada
Honda mulls building an $18.4 billion electric vehicle and battery
Click to see story on National Observer
Click to close
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on CTV News
Honda considers US$14 billion plan for EV production in Canada: Nikkei
Click to see story on Channel News Asia
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Winnipeg Free Press
Honda considers $14-billion plan for EV production in Canada: media report
Click to see story on The Globe & Mail
Honda guarda al Canada per il mercato delle auto elettriche. Investimento da 14 miliardi
Click to see story on Corriere Della Sera
Honda weighs $14 billion plan for EV production in Canada
Click to see story on WTVB
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Thorold Today
Honda considering $14 billion EV plant in Canada, report says
Click to see story on Automotive News
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on castanet.net
Honda songerait à construire une nouvelle usine au Canada, selon un média japonais – Le Canada Français
Click to see story on The Canadian Press
Click to close
Honda considering $18.4 billion electric vehicle and battery plant in Canada: media report
Click to see story on National Post
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Financial Post
Honda weighs $14bn plan for EV production in Canada
Click to see story on Nikkei
Honda Motor Mulling Construction of EV Plant in Canada; Also Eyeing In-House Production of Vehicle Batteries
Click to see story on 読売新聞オンライン
Honda Considers Multi-Billion Dollar Investment In Canada For EV Factory
Click to see story on Times Now News
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Montreal Gazette
Click to close
Far
Right
+0
Click to close
Untracked Bias
Honda may build an electric vehicle and battery factory in Canada
Click to see story on 大纪元 www.epochtimes.com
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Airdrie City View
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Orillia Matters
Nikkei: Honda plans to build electric car plant in Canada for about $14 billion
Click to see story on Armenian News
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Newmarket Today
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Midland Today
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Collingwood Today
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Elora Fergus Today
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Chek news
Honda considers $18B electric vehicle production plan in Canada
Click to see story on CHCH
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Bradford Today
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Timmins Today
Honda is considering building an electric car plant in Canada
Click to see story on hnonline.sk
In Canada, Honda Considers A $14 Billion EV Production Plan
Click to see story on CTN News l Chiang Rai Times
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Barrie 360
Honda considers $14 billion plan for EV production in Canada -Nikkei
Click to see story on FijiTimes
Click to close
48 other sources covering this story
Total News Sources
48
Leaning Left
14
Center
10
Leaning Right
8
Last Updated
4 months ago
Automakers are adjusting as the Biden administration’s new rules on electric vehicle (EV) tax credits have gone into effect. Vehicles can now only qualify if they meet a variety of manufacturing requirements that put stricter limits on where the materials used to build them and their batteries can be sourced from.
Download the SAN app today to stay up-to-date with Unbiased. Straight Facts™.
Point phone camera here
The EVs must also undergo their final assembly within the continent of North America. As a result, more car companies have been exploring changes to comply with these new requirements, and Honda is the latest to do so.
The Japanese automaker has reportedly been considering construction of a nearly $14 billion electric vehicle plant in Canada. This anticipated facility may also be equipped to handle in-house production of EV batteries, which could allow electric Honda vehicles made there to receive full federal tax credits.
“Federal government representatives are engaging with Honda on an ongoing basis – as they do with all other major potential investors,” said Audrey Champoux, a spokesperson for Industry Minister Francois-Philippe Champagne. “It is a testament to Canada’s growing reputation as a green supplier of choice and global EV leader.”
This news comes after prior attempts by the company to break into the EV industry have fallen short. Honda CEO Toshihiro Mibe said the company has “recognized we are slightly lagging behind” in regards to their EV efforts.
In 2023, electric vehicles accounted for less than 1% of Honda’s total worldwide sales and plans to boost those numbers in the future are also running into roadblocks. Last fall, a $5 billion deal between Honda and General Motors to jointly develop affordable EVs was scrapped after the automakers determined their sub-$30,000 pricing goal was not yet feasible.
Unbiased news.
Directly to your inbox. Free!
Learn more about our emails. Unsubscribe anytime.
By entering your email, you agree to the Terms & Conditions and acknowledge the Privacy Policy.
“After studying this for a year, we decided that this would be difficult as a business, so at the moment, we are ending development of an affordable EV,” Mibe said after the partnership was discontinued.
Despite these setbacks, Honda has said it still remains committed to reaching 100% electrified vehicle sales by 2040, a goal the company’s potential EV plant in Canada would likely play a major role in helping achieve. A decision on the location of the site is expected by the end of this year, and it could become operational by as early as 2028.
[JACK ALYMER]
WITH NEW RULES REGARDING TAX CREDITS NOW IN EFFECT – AUTOMAKERS ARE CHANGING TACTICS WHEN IT COMES TO E-V PRODUCTION.
VEHICLES NOW ONLY QUALIFY IF THEY MEET A VARIETY OF MANUFACTURING REQUIREMENTS PUTTING STRICTER LIMITS ON WHERE THE MATERIALS USED TO BUILD THEM CAN BE SOURCED FROM.
THE EVS MUST ALSO UNDERGO THEIR FINAL ASSEMBLY WITHIN THE CONTINENT OF NORTH AMERICA.
AS A RESULT, MORE CAR COMPANIES HAVE BEEN EXPLORING CHANGES TO COMPLY WITH THESE NEW REQUIREMENTS.
THE LATEST: HONDA.
THE JAPANESE AUTOMAKER IS REPORTEDLY CONSIDERING CONSTRUCTION OF A NEARLY FOURTEEN BILLION DOLLAR ELECTRIC VEHICLE PLANT IN CANADA.
THE FACILITY MAY ALSO BE EQUIPPED TO HANDLE IN-HOUSE PRODUCTION OF EV BATTERIES
THE MOVE WOULD ALLOW ELECTRIC HONDA VEHICLES MADE THERE TO RECEIVE FULL FEDERAL TAX CREDITS.
HOWEVER, PRIOR ATTEMPTS BY THE COMPANY TO BREAK INTO THE EV INDUSTRY HAVE FALLEN SHORT.
IN 20-23, ELECTRIC VEHICLES ACCOUNTED FOR LESS THAN ONE PERCENT OF HONDA’S TOTAL WORLDWIDE SALES.
AS FOR PLANS TO BOOST THOSE NUMBERS:
HONDA AND G-M SCRAPPED A FIVE-BILLION-DOLLAR DEAL TO JOINTLY DEVELOP AFFORDABLE E-VS LAST FALL.
THIS AFTER THE AUTOMAKERS DETERMINED A 30-THOUSAND-DOLLAR PRICE POINT FOR A NEW E-V WAS NOT POSSIBLE.
HONDA SAYS ITS STILL COMMITTED TO REACHING ONE HUNDRED PERCENT ELECTRIFIED VEHICLE SALES BY 20-40
AS FOR THE POTENTIAL PLANT IN CANADA:
A DECISION ON THE LOCATION OF THE SITE IS EXPECTED BY THE END OF THIS YEAR.
IT COULD BE OPERATIONAL BY AS EARLY AS 20-26.
Related
Media Landscape
See who else is reporting on this story and which side of the political spectrum they lean. To read other sources, click on the plus signs below.
Learn more about this dataLeft 44%
Center 31%
Right 25%
Bias Distribution
Far
Left
+0
Click to close
Left
+0
Click to close
Honda considers $14 billion plan for EV production in Canada – National
Click to see story on Global News
Honda Eyes Plan to Build $14 Billion Canadian EV Plant: Nikkei
Click to see story on Bloomberg
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Coast Reporter
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Sask Today
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Flin Flon Reminder
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Rocky Mountain Outlook
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on SooToday.com
Honda considers $14-B plan for EV production in Canada
Click to see story on Inquirer
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Barrie Today
Electric Vehicles | Honda Reportedly Considering Building a New Plant in Canada
Click to see story on La Presse
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Prince George Citizen
Honda considering $18.4B EV and battery plant in Canada: media report
Click to see story on Oak Bay News
Honda is considering building an electric vehicle factory in Ontario
Click to see story on Radio-Canada
Honda mulls building an $18.4 billion electric vehicle and battery
Click to see story on National Observer
Click to close
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on CTV News
Honda considers US$14 billion plan for EV production in Canada: Nikkei
Click to see story on Channel News Asia
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Winnipeg Free Press
Honda considers $14-billion plan for EV production in Canada: media report
Click to see story on The Globe & Mail
Honda guarda al Canada per il mercato delle auto elettriche. Investimento da 14 miliardi
Click to see story on Corriere Della Sera
Honda weighs $14 billion plan for EV production in Canada
Click to see story on WTVB
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Thorold Today
Honda considering $14 billion EV plant in Canada, report says
Click to see story on Automotive News
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on castanet.net
Honda songerait à construire une nouvelle usine au Canada, selon un média japonais – Le Canada Français
Click to see story on The Canadian Press
Click to close
Honda considering $18.4 billion electric vehicle and battery plant in Canada: media report
Click to see story on National Post
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Financial Post
Honda weighs $14bn plan for EV production in Canada
Click to see story on Nikkei
Honda Motor Mulling Construction of EV Plant in Canada; Also Eyeing In-House Production of Vehicle Batteries
Click to see story on 読売新聞オンライン
Honda Considers Multi-Billion Dollar Investment In Canada For EV Factory
Click to see story on Times Now News
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Montreal Gazette
Click to close
Far
Right
+0
Click to close
Untracked Bias
Honda may build an electric vehicle and battery factory in Canada
Click to see story on 大纪元 www.epochtimes.com
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Airdrie City View
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Orillia Matters
Nikkei: Honda plans to build electric car plant in Canada for about $14 billion
Click to see story on Armenian News
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Newmarket Today
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Midland Today
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Collingwood Today
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Elora Fergus Today
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Chek news
Honda considers $18B electric vehicle production plan in Canada
Click to see story on CHCH
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Bradford Today
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Timmins Today
Honda is considering building an electric car plant in Canada
Click to see story on hnonline.sk
In Canada, Honda Considers A $14 Billion EV Production Plan
Click to see story on CTN News l Chiang Rai Times
Honda considering $18.4B electric vehicle and battery plant in Canada: media report
Click to see story on Barrie 360
Honda considers $14 billion plan for EV production in Canada -Nikkei
Click to see story on FijiTimes
Click to close
48 other sources covering this story
Total News Sources
48
Leaning Left
14
Center
10
Leaning Right
8
Last Updated
4 months ago
Unbiased news.
Directly to
your inbox.
Free!
MOST POPULAR
-
Pythons decimate Florida’s wildlife, is eating them the answer?
Watch 2:04
Tuesday
-
Trump could lose Secret Service protection if found guilty
Watch 2:10
Tuesday
-
Argentina asks to join NATO as Milei looks to enhance security, strengthen ties
Watch 1:57
Apr 19
-
Utah students protest 'furries,' school admin deny problem
Watch 2:10
Apr 19