Automotive
EV Setbacks Hit Hard: Volvo Dumps EX30, Honda Cuts 3 Models
Volvo pulls the plug on its EX30 EV in the US while Honda scraps three electric models amid slumping demand—signs of trouble in the EV boom?

Picture this: automakers have spent years hyping the electric future, sinking billions into shiny new EVs. Then, bam—two big names slam the brakes. Volvo's killing off its EX30 in the US, and Honda's axing three EV projects entirely. If you're betting on EVs taking over tomorrow, this might give you pause.
It's not just a blip. These moves scream deeper troubles in the EV market, from sagging sales to fierce global competition. Let's break it down.
Volvo's US EV Exit
Volvo Cars dropped a...
EV
Volvo EX30
Honda
electric vehicles
auto industry
market slowdown
China competition
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