Automobile giant Honda has recently decided to discontinue the development of their electric large-sized SUV. The decision could potentially impact the electric vehicle landscape given Honda's influence in the automotive industry. The reasons behind this unusual step, when most automakers are shifting towards EV technology, remain undisclosed.
The news could be met with mixed reactions in Japan, as the country has been pushing for a greener future with a focus on EV technology. It's particularly surprising because Japan's government has been encouraging automakers to make more electric vehicles to meet the global demand and to help achieve their climate change goals.
In contrast, many Western automakers, especially those in the U.S and EU, are heavily investing in electric vehicle development. Companies like Tesla, Ford, and Volkswagen have been releasing an increasing number of electric models, driving the surge of public interest and sales in these regions.