Honda plans hybrid expansion in 2024 to tackle Toyota, bringing EVs as soon as 2026 to tackle Tesla

AutoExec Summary
Honda is responding to the increasing demand for electric vehicles by fast-tracking the introduction of EVs to the market. The Japanese brand also plans to introduce more hybrid models in response to customer preference for petrol-electric vehicles. Honda Australia director Carolyn McMahon confirmed that the first Honda EVs could arrive as soon as 2026, earlier than the previously reported 2028 timeframe. The company is also planning to expand its range of affordable hybrids to better compete with market leader Toyota. Currently, Honda only offers a single hybrid model across its main lines, but plans to introduce more affordable hybrid options in the near future.

Brands mentioned: Honda, Toyota, Nissan.