Honda's Flagship Electric SUV For America Is Already Dead
In May, Honda announced that it would be scaling back its EV investment plans, partly because of an unstable international trade environment and also due to changing emissions regulations. This step away from a heavy EV commitment has now resulted in the scrapping of at least one specific model, that being a previously planned large electric SUV. As per Nikkei Asia, this model - likely a three-row SUV that would have rivaled the likes of the Kia EV9 - will be scrapped due to lessening EV demand in the United States.
Honda's next generation of EVs won't fall away completely, of course. While the large SUV meant for a 2027 release is gone, the brand will still move ahead with electric models like a mid-size SUV and flagship sedan.
While Honda knows how important SUVs are in the United States, procurement costs for especially big models are much higher. EV incentives are also expected to fall away under the Trump administration, further hindering Honda's progress in the EV space. Even after Trump's current term ends, Honda believes EVs will still take a while to see increased demand.
'The Trump administration will remain in power for four years, but that doesn't mean that EV demand will bounce back immediately," said Toshihiro Mibe, Honda CEO, back in May. "I think it will be pushed back by about five to six years.'Honda has lowered its EV investment plans substantially through 2030. Initially, this number was 10 trillion yen ($69 billion), but it is now sitting at 7 trillion yen, partially due to the large SUV being canceled.
The midsize electric SUV that's still set to go into production was previewed by the 0 series concepts to start the year, and it's expected to feature Level 3 autonomous driving capability.
While many automakers reel in their EV growth plans, hybrids are going in the opposite direction. Honda will launch 13 models from 2027, with targeted sales of 2.2 million hybrid cars by 2030.
Honda already enjoys high demand for hybrid models like the CR-V and Civic. Over the coming years, we wouldn't be surprised to see Honda turn to hybrid powertrains exclusively for models like the Accord. Toyota has already made the switch to hybrid-only power for the Camry, and the RAV4 is set to follow for the 2026 model year.
While a three-row Honda EV is now seemingly out of the question, we expect to see at least one three-row hybrid, which will give Honda a more efficient alternative to the current Pilot.Honda's Flagship Electric SUV For America Is Already Dead first appeared on Autoblog on Jul 7, 2025
This story was originally reported by Autoblog on Jul 7, 2025, where it first appeared.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
16 minutes ago
- Yahoo
Married 29 Years, A Nurse Built A Real Estate Portfolio Alone. 'He Goes To Play Golf Whenever He Gets A Chance,' She Says About Her Husband
After nearly three decades of marriage, Linda, a 64-year-old nurse from Roanoke, Virginia, says she feels like she's carrying the financial weight of two people. Her husband, also 64, earns about $45,000 a year. Linda makes $115,000. They still owe $180,000 on their home, which is now worth around $400,000. She wants to pay it off before retirement. He refuses. Separate Accounts, Separate Lives 'He just does not want to pay the house off,' Linda said on 'The Ramsey Show' with Dave Ramsey and John Delony. 'I've tried to put my foot down and say, 'When we retire, we're not going to want a house payment.' But he's definitely not on board with that.' Don't Miss: Accredited Investors: Grab Pre-IPO Shares of the AI Company Powering Hasbro, Sephora & MGM— 'Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can The couple keeps their finances mostly separate. They have separate accounts, a house account for bills and groceries, and a joint savings for big repairs. But the rest? Completely divided. She owns two rental properties. He's not involved with either. 'When I bought the first round of property, he didn't want any part of it,' she said. So she just ran it on her own. 'I only owe $12,000 on it, so I'm getting ready to pay it off next.' Her second property, purchased to help her daughter-in-law who was battling cancer, has about $62,000 left on the mortgage. Linda is aggressively snowballing her debts and recently paid off both of their cars. 'He likes his comfy job and he goes to play golf whenever he gets a chance,' she said. 'That's pretty much it.' Trending: $100k+ in investable assets? – no cost, no obligation. This Isn't a Finance Problem The hosts didn't sugarcoat their responses. 'That's not a marriage,' Delony said. 'That's a couple of roommates.' The hosts emphasized that Linda's situation isn't really about money and Delony described the situation as a marriage issue, pointing to the absence of alignment and any shared plan between the couple for handling life's challenges. Ramsey called the financial imbalance and emotional distance between Linda and her husband 'painful.' He said Linda must decide whether to keep going on this path or force a turning point: counseling, confrontation, or separation. Ramsey warned that Linda's husband has no retirement savings of his own, contributes nothing to their financial future, and yet will end up relying on her retirement funds. 'He's going to retire and eat out of your retirement because he doesn't have any retirement,' Ramsey said.A Cautionary Tale For Younger Couples Toward the end of the segment, both hosts turned their attention to younger listeners. 'Please, for God's sake, don't call it love to marry someone that you are not aligned with like that,' Ramsey said. 'That's not love. It's permanent roommate lust.' As for Linda, the hosts weren't hopeful that much would change. 'I wish I'd found you 28 years ago,' Ramsey said. At this stage, it seems likely she will continue managing everything on her own, just as she has for decades. Read Next: The average American couple has saved this much money for retirement —?Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? APPLE (AAPL): Free Stock Analysis Report TESLA (TSLA): Free Stock Analysis Report This article Married 29 Years, A Nurse Built A Real Estate Portfolio Alone. 'He Goes To Play Golf Whenever He Gets A Chance,' She Says About Her Husband originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
16 minutes ago
- Yahoo
MMP Capital Closes Inaugural Asset-Backed Securitization with Strong Investor Backing
The successful MMP Capital 2025A securitization highlights growing investor appetite for sector-focused ABS deals. Backed by medical aesthetic loans, the transaction attracted strong institutional interest, enabled pricing advantages, and marked MMP Capital's strategic expansion into public capital markets and new asset Courtesy of MMP Capital FARMINGDALE, N.Y., Aug. 04, 2025 (GLOBE NEWSWIRE) -- MMP Capital has announced the successful closing of its inaugural Asset Backed Securitization (ABS) transaction. The offering, MMP Capital 2025A, issued $192 million in notes backed primarily by loans secured by medical aesthetic equipment contracts. Demand from the institutional investment community exceeded all expectations. The notes drew thirty-five orders from twenty-seven unique investors, and at final pricing were nine times oversubscribed. The oversubscription allowed MMP Capital to substantially tighten spreads from launch to close, indicating deep market confidence in the credit quality of the underlying assets. The senior tranche of the deal earned a Moody's rating of Aa3, signaling a strong endorsement of the structure and asset performance.'MMP Capital 2025A's overwhelming reception underscores the trust and confidence investors have in our business, our differentiated value proposition for customers and partners, and our disciplined approach to risk,' said John-Paul M. Smolenski, CEO of MMP Capital. 'This inaugural ABS marks a pivotal milestone in our strategy to expand our existing business and explore new asset classes.' The company has built a national footprint by providing flexible, high-speed financing tailored to small business needs. Its specialization in the medical aesthetic space has helped establish a consistent asset base, equipment loans with durable collateral and recurring demand that proved attractive to ABS investors. The securitization marks the company's entry into the public capital markets, providing additional liquidity to expand its financing offerings and reach more customers in established and emerging verticals. It also signals institutional recognition of the quality and performance of MMP Capital's portfolio. The strong reception reflects broader investor interest in asset-backed securities tied to high- performing, sector-specific lending platforms. With many ABS markets seeing increased selectivity amid macroeconomic uncertainty, the scale of demand for MMP Capital 2025A stands out. The company's history of underwriting discipline and loan performance helped drive favorable pricing, even as many issuers face more cautious markets. For more information, visit About MMP Capital MMP Capital was founded in 2013 with a mission to be the gold standard in healthcare equipment finance in the U.S. Led by a management team with vast experience in sales, credit, and operations from several banks, leasing companies, and funding institutions, MMP Capital is uniquely equipped as a hybrid lender to lend directly or utilize a vast syndication outlet. The company's financing options for equipment financing, leasing, and unsecured capital offer U.S. businesses the opportunity to invest in their future, update outdated technology, or offer new services to customers. Contact Information Jamie O'ConnorDirector of Marketing & BrandingMMP Capitaljoconnor@ o: (516) 308-6946 | m: (917) 902-7595 | f: (516) 400-2071 A photo accompanying this announcement is available at in to access your portfolio
Yahoo
16 minutes ago
- Yahoo
'Concerning news': Wall Street worries Trump's BLS firing could shake market confidence
President Trump's firing of Bureau of Labor Statistics (BLS) commissioner Erika McEntarfer has Wall Street worried about the future path of economic data. In a note to clients titled "Concerning news from the BLS," JPMorgan chief US economist Michael Feroli wrote that the removal of the agency's commissioner creates "risks to the conduct of monetary policy, to financial stability, and to the economic outlook." "The risk of politicizing the data collection process should not be overlooked," Feroli wrote. "To borrow from the soft-landing analogy, having a flawed instrument panel can be just as dangerous as having an obediently partisan pilot." The firing came just hours after the BLS released the July jobs report, which showed more than a quarter million fewer jobs were added to the economy in May and June than initially thought. In a Truth Social post on Friday, Trump wrote that "we need accurate numbers" and the numbers "must be fair and accurate." On Monday morning, Trump continued posting on social media about the matter, writing, "last weeks Job's Report was RIGGED." Trump has maintained a stance that the revisions done prior to the 2024 presidential election were made to make the US economy look better under then-President Biden. While last Friday's jobs revisions were "larger than normal," per the BLS, the act of revising data once more information collected is a standard operating procedure for the agency. For Wall Street, the chief concern with Trump's rhetoric is his calling into question the accuracy of key economic data that typically drives the Federal Reserve's monetary policy decision making and is closely tracked by investors for a read on the health of the US economy. "The US public statistics represent the gold standard," Renaissance Macro head of economics Neil Dutta wrote in a note to clients after the firing on Aug. 1. "Calling them into question just because they tell you something you don't like undercuts market confidence." Barclays chairman of research Ajay Rajadhyaksha pointed out in a note to clients on Monday that a US president hasn't attempted to fire an active head of the BLS since President Nixon was in office 50 years ago. Recent examples of statisticians being fired because the heads of government disliked the data include cases in Greece and Argentina. "This move could lead to markets questioning data integrity, especially for releases that surprise investors," Rajadhyaksha wrote. Trump's firing of McEntarfer at the BLS came the same day Federal Reserve governor Adriana Kugler said she will resign from the central bank's Board of Governors, effective Aug. 8. Trump is expected to appoint a new Fed official and a BLS commissioner in the coming days. Josh Schafer is a reporter for Yahoo Finance. Follow him on X @_joshschafer. 登入存取你的投資組合