Canada is blowing it and Honda is finally realizing EV's are not a long-term investment.
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The Last Refuge
Honda Cancels EV Plant in Canada – Despite Prior Deal for Billions in Subsidies
May 5, 2026 | Sundance
Excerpt:
Previously, Toyota Inc informed the Canadian trade delegation that if the USMCA (CUSMA) was dissolved, the most important auto manufacturing operation they have in the country would end. Toyota was being respectful and brutally honest with the Canadians.
Last year, at almost the same time as Toyota made their position clear, Honda put a pause on the plan to build EVs in Ontario [2025 Notice] pending additional review. Today, according to Nikkei, Honda has now completed that review and cancelled the plan. Honda will not build EVs in Canada.
LINK
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The Last Refuge
Honda Cancels EV Plant in Canada – Despite Prior Deal for Billions in Subsidies
May 5, 2026 | Sundance
Excerpt:
Previously, Toyota Inc informed the Canadian trade delegation that if the USMCA (CUSMA) was dissolved, the most important auto manufacturing operation they have in the country would end. Toyota was being respectful and brutally honest with the Canadians.
Last year, at almost the same time as Toyota made their position clear, Honda put a pause on the plan to build EVs in Ontario [2025 Notice] pending additional review. Today, according to Nikkei, Honda has now completed that review and cancelled the plan. Honda will not build EVs in Canada.
LINK
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