Honda Canada Pauses Plans for $15B Electric Vehicle Project in Ontario

Honda employees work along the vehicle assembly line before an event announcing plans for a Honda electric vehicle battery plant in Alliston, Ont., on April 25, 2024. The Canadian Press/Nathan Denette

Honda Canada is delaying a $15 billion investment project in electric vehicles in Ontario, including a planned EV battery manufacturing facility and an upgraded vehicle assembly plant.

The news was made public during a May 13 Honda Global press conference to announce the company’s financial results for its latest fiscal year, which ended on March 31.