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Honda Cancels All Three U.S.-Built EVs as It Expects to Lose up to $15.8 Billion
(www.caranddriver.com)
this post was submitted on 12 Mar 2026
78 points (97.6% liked)
Cars - For Car Enthusiasts
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Americans mostly can't afford these cars, and aren't willing to go into debt for longer than the car will last. I think the manufacturers are starting to realize this.
Americans continue to buy/lease giant trucks and SUVs whether they can afford them or not. EVs aren’t any more expensive than what the majority of Americans are currently purchasing.
In fact, people are taking out 80 month loans now, instead of buying something used and/or smaller and cheaper.
https://www.nerdwallet.com/auto-loans/learn/5-reasons-say-no-long-car-loans
Elon Musk convinced idiots an EV should cost $60-100,000. There are a dozen EVs for sale all over, Europe, excluding Chinese, under $25,000. THEY COST LESS TO MAKE THAN ICE.
It's more the lack of understanding and education. Most folks don't realize their car gets on average 500 miles a tank. And new ev's coming out have comparable range. Give it 5 more years if price is the concern
I don't know what 500 miles a tank means, is a tank some type of imperial measure?