The report says Honda plans to launch a small EV costing less than $30,000 in the U.S. as early as next year. This new EV will also reportedly be U.S.-built, likely to avoid new tariffs on imported vehicles expected to be instituted by the Trump Administration.

The affordable Honda EV, which could go on sale by 2026, may be produced in the Ohio factory, avoiding potential tariffs

Honda Motor Co., a Japanese automotive giant, is poised to make a significant push into the North American electric vehicle (EV) market with a strategic focus on affordability. According to a report in the Nikkei newspaper,

Japanese automaker Honda Motor Co. HMC will reportedly launch a new EV in North America priced below $30,000 as early as 2026. What Happened: The vehicle will be produced locally and rolled out as part of the company’s Honda 0 series lineup, according to a report by Nikkei Asia.

Japan's Honda Motor plans to launch a small electric vehicle priced below $30,000 in North America by as early as 2026, the Nikkei newspaper said on Tuesday, as it plays catch-up in the battery-powered car market.

Honda (NYSE:HMC), the Japanese automaker plans to launch a new electric vehicle in North America that will be priced below $30,000, Nikkei reported on Tuesday.