Honda's EV pitch didn't quite work out, so they're promising 15 new models by 2029 as part of its refocus on hybrids.
The automaker highlighted two in particular at its annual business conference, held this week in Japan. The first is the Honda Hybrid Sedan Prototype, seemingly hinting at a next-generation Accord of sorts. The second is the Acura Hybrid SUV Prototype, strongly hinting at the next-generation RDX, which will officially go hybrid.
These two, along with the models that will follow, will have Honda's next-generation hybrid powertrain on board. The specifics are still a secret, but Honda hinted that fuel economy will be 10 per cent better and will work with an electric all-wheel-drive setup. Honda also highlighted the new hybrid powertrain will reduce costs by more than 30 per cent.
That last bit is important. In the same conference, Honda announced its first annual loss since 1957 after its EV plans didn't quite pan out. Honda also confirmed its plans for an EV manufacturing hub in Ontario, among many others, are on pause.
Instead, Honda will be refocusing on hybrids. Along with the two previewed prototypes, Honda says they're planning to introduce 15 models globally by 2029 — some will be mid-cycle updates to current models, while others will be redesigns altogether. Here's hoping the Accord, HR-V, Odyssey, MDX, and Integra are among those modes.
Honda's top brass also said it won't let its EV plans entirely go to waste. The automaker is planning on reusing some of the platform and chassis components from its 0-series EVs in its new hybrids. It will also retool all of its North American facilities to build more hybrids — so maybe something will come of that investment for Ontario after all.
