Honda’s EV Gamble Backfires in Historic Loss
May 15, 2026
For years, automakers rushed headfirst into electric vehicle mandates and unrealistic climate-driven timelines. Now, the financial consequences are piling up. Honda reported a staggering $2.7 billion annual loss. This is the company’s first loss since listing on the Tokyo Stock Exchange in 1957. More than $9 billion in restructuring charges and write-downs tied to its EV strategy hammered the company’s finances. Just the News reports, “Toshihiro Mibe, Honda’s CEO, said in a news conference on Thursday that the business and customer demand for EVs didn’t fall in line with the company’s expectations.” This is another reminder that politicians and activists cannot…