Japan-based Honda Motor is planning to introduce a small electric vehicle (EV) with a price tag below $30,000 in North America, potentially as early as 2026, reported Nikkei Asia. This move is part of Honda's strategy to expand its presence in the battery-powered car market,

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.

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.

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, Honda plans to introduce a compact EV priced below $30,000 as early as 2026.

Honda plans to introduce 30 electric two-wheelers globally by 2030, targeting annual sales of four million units

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