Honda Takes $1.7 Billion Write‑Off on EV Business – What It Means for Buyers

Bottom Line: Honda writes off $1.7 billion on its EV program

Honda announced a $1.7 billion charge to its balance sheet after admitting its electric‑vehicle effort fell short of expectations. The loss shows the company is pulling back, not expanding, its EV lineup.

Design & Looks

Honda’s EV concepts, like the Honda e and the upcoming Prologue, sport sleek, compact shapes that echo the brand’s classic styling. The e focuses on urban appeal with smooth lines and a short wheelbase, while the Prologue adopts a more traditional SUV silhouette. Both use minimal front grilles and hidden headlights, giving them a futuristic feel without sacrificing brand identity.

Performance & Mileage

Performance has been modest. The Honda e offers around 112 MPGe city and 98 MPGe highway, with a top speed near 90 mph. The Prologue, slated for a larger battery, is expected to reach roughly 120 MPGe and a 250‑mile range. Fast‑charging capability is a selling point – 80 % charge in about 30 minutes for the larger pack.

Price & Rivals

Pricing starts near $33,000 for the e and is projected to hit $38,000–$42,000 for the Prologue. These numbers place Honda against the Nissan Leaf, Chevrolet Bolt, and the upcoming Hyundai Ioniq 5. While the price is competitive, the limited range and slower rollout give rivals an edge.

FAQ

• What is the expected range of Honda’s new EVs? The Honda e targets about 137 miles (EPA), while the larger Prologue aims for roughly 250 miles on a full charge.
• Is Honda still planning to launch more EV models? Honda says it will focus on a smaller, high‑margin lineup, so new models may appear but at a slower pace.
• Will the $1.7 billion write‑off affect pricing for current Honda EV owners? Existing owners should not see price changes, but future buyers may face tighter pricing as Honda trims its EV budget.

What do you think about Honda’s move? Share your thoughts in the comments below.

Source: Read Official News