Honda Motor Co. shelved its planned $11 billion electric-vehicle supply-chain project in Canada on Thursday.
The Japanese automaker cited shifting consumer demand and a strategic pivot for the indefinite suspension.
The cancellation impacts Canada’s manufacturing ambitions, which included up to C$5 billion in government pledges.
Honda will monitor market conditions while other automakers similarly re-evaluate EV plans due to slow adoption and U.S. tariffs.
This decision highlights the friction between long-term electrification goals and current geopolitical trade pressures.