(Update) Honda to Cut EV Investment by 3 T. Yen

(Update) Honda to Cut EV Investment by 3 T. Yen

Honda CEO Toshihiro Mibe speaks at a press conference in Tokyo on Tuesday.
Honda CEO Toshihiro Mibe speaks at a press conference in Tokyo on Tuesday.

   Tokyo, May 20 (Jiji Press)--Honda Motor Co. said Tuesday that it will reduce its electric vehicle investment through fiscal 2030 by 3 trillion yen to 7 trillion yen.
   The Japanese automaker also lowered the ratio of EVs it aims to sell in 2030 to some 20 pct of its total from the previous goal of 30 pct.

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