LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

Honda admits it needs affordable EVs with plans for an electric Civic successor

Robert Frost by Robert Frost
February 2, 2024
in Industries
Honda admits it needs affordable EVs with plans for an electric Civic successor
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


For Honda to compete as the industry shifts to electric, CEO Toshihiro Mibe explained, “We need more affordable EVs.” Honda is set to expand its lineup with an electric replacement for its all-time best-selling Civic.

Honda to launch an affordable electric Civic replacement

The company revealed two new EV concepts as part of its new “0 series” electric brand at CES earlier this month.

You might also like

EV prices fall again – and the gap with gas cars shrinks to $6,500

EV prices fall again – and the gap with gas cars shrinks to $6,500

This Hyundai SUV is electric and thought to be the IONIQ 1 [Video]

Honda “went back to the basics,” including a “design for the new era” for the EV series. It features a “bold and pure” design unique from other EVs on the market.

Its first passenger EV from the new brand will be a sedan based on the flagship concept. The new electric sedan is expected to roll out in 2026, followed by an SUV shortly after.

According to Autocar, the sedan could be an electric replacement for Honda’s all-time best-selling model, the Civic.

Mibe said, “To increase volumes, we need more affordable EVs.” Honda is working to lower EV prices with next-gen batteries that cost and weigh less.

Honda-electric-Civic
Honda electric “0 Series” sedan (Source: Honda)

Instead of reducing the size of batteries, “we want to think about battery tech,” Honda’s leader explained.

Although Honda teamed up with GM to build affordable EVs, the $5 billion plan was abandoned as GM moved to make its “vehicles less expensive to produce” in the future.

Mibe said that even if it were jointly developed, “it would have been a challenge” to bring an affordable EV to market. Instead, “We decided to work on the affordable EV on our own.” The automaker has “other alternative strategies to fulfill this,” according to Mibe.

Honda’s recently revealed Sustaina-C concept could give us our first look at the company’s vision for an affordable EV.

Meanwhile, Honda pulled its E minicar in Europe after just three years, its first attempt at a mass-market affordable EV.

2024-Honda-Prologue
2024 Honda Prologue (Source: Honda)

In the US, the 2024 Honda Prologue, its first electric SUV, features nearly 300 miles range starting at $47,400 (not including destination).

What do you guys think Honda should include for its electric Civic replacement? Let us know below.

FTC: We use income earning auto affiliate links. More.



Source link

Share30Tweet19
Previous Post

Stocks making the biggest moves midday: Meta, Apple, Intel, Amazon, Clorox and more

Next Post

Fourth-quarter earnings are shaping up to be the best of 2023, but there’s a catch

Robert Frost

Robert Frost

Jutawantoto Jutawantoto Jutawantoto Jutawantoto Berita Terbaru Hari

Recommended For You

Industries

EV prices fall again – and the gap with gas cars shrinks to $6,500

March 10, 2026
EV prices fall again – and the gap with gas cars shrinks to ,500
Industries

EV prices fall again – and the gap with gas cars shrinks to $6,500

March 10, 2026
This Hyundai SUV is electric and thought to be the IONIQ 1 [Video]
Industries

This Hyundai SUV is electric and thought to be the IONIQ 1 [Video]

March 10, 2026
Gas prices threaten Republican lawmaker’s plans to win on affordability
Industries

Gas prices threaten Republican lawmaker’s plans to win on affordability

March 10, 2026
Next Post
Fourth-quarter earnings are shaping up to be the best of 2023, but there’s a catch

Fourth-quarter earnings are shaping up to be the best of 2023, but there's a catch

Related News

Russia Cracks Down on Illegal Miners, India Pushes CBDCs

Russia Cracks Down on Illegal Miners, India Pushes CBDCs

January 2, 2026
Rivian R1T transformed into an Apocalypse-ready 850 HP off-road beast

Rivian R1T transformed into an Apocalypse-ready 850 HP off-road beast

September 29, 2023
Just a moment…

Just a moment…

May 25, 2023

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?