Honda desires an EV for beneath $30,000 within the US as early as 2026

A brand new Honda EV for beneath $30,000? That’s the plan. And it may come as quickly as subsequent yr. Honda plans to construct the brand new electrical automobile within the US as a part of its new Honda 0 Collection EV lineup. Right here’s what we all know to this point.

Is Honda launching an EV for $30,000 within the US?

After a robust gross sales yr within the US, Honda is aiming for a much bigger share in its most vital market, which accounts for roughly a 3rd of the Japanese automaker’s gross sales.

After a gradual begin, Honda is seeking to catch up within the EV market. Though gross sales of its first electrical SUV, the Prologue, surged final yr after deliveries started in March, Honda is launching a complete new lineup of EVs quickly.

The Prologue relies on GM’s Ultium platform, which additionally underpins new electrical Chevy, Cadillac, and GMC fashions.

In accordance with Nikkei, Honda plans to launch a smaller EV priced beneath $30,000 within the US as early as 2026. It is going to be made regionally, beginning with the batteries, to chop prices. The brand new EV is anticipated to be the entry-level mannequin for its upcoming Honda 0 Collection. It is going to be a cornerstone for Honda’s world growth.

Honda showcased two ideas from the lineup, an SUV and a Sedan, on the Client Electronics Present (CES) final month.

The report claims Honda will construct the $30,000 EV in Ohio. It is going to be one in every of seven new fashions within the lineup that may arrive by 2030.

Honda’s plan to launch a low-cost EV comes as US President Trump plans to finish federal EV subsidies and different applications designed to speed up adoption. He’s additionally threatening new tariffs on key commerce companions like Mexico, Canada, and Europe.

The smaller EV will arrive after the SUV and sedan, that are anticipated to price round $50,000 to $60,000. Honda is anticipated to start manufacturing later this yr.

Honda expects the brand new 0 Collection lineup to speed up EV gross sales. By 2040, it goals for EVs and FCEVs to account for 100% of latest automobile gross sales.

Electrek’s Take

At beneath $30,000, Honda’s new EV can be cheaper than most gas-powered automobiles, giving it a major benefit.

A number of different automakers like Ford, GM, Tesla, and Rivian are additionally planning to launch smaller, lower-cost EV fashions, so it may face extra competitors by then.

Both manner, it might possible be a sizzling vendor. Honda bought over 33,000 Prologue SUVs within the US final yr after deliveries started in March. Honda’s electrical SUV outsold the Chevy Equinox (28,874), Cadillac Lyriq (28,402), and Chevy Blazer EV, and it’s primarily based on the identical platform.

Though GM discontinued its iconic Bolt EV, the smaller electrical automobile is because of make a comeback in 2026. The brand new Bolt can be part of a “household of Bolts,” in accordance with GM President Mark Reuss. It’s additionally anticipated to begin at round $30,000 or much less.

Will Honda’s new EV compete with the next-gen Chevy Bolt EV? Or will or not it’s primarily based on it? GM can be in talks with Hyundai about rebadging EVs and promoting them within the US. Keep tuned for extra. We’ll maintain you up to date with the most recent.

With leases beginning as little as $209 per 30 days, the Honda Prologue is already extra reasonably priced than many fuel automobiles. You should utilize our hyperlink to discover presents on the 2024 Honda Prologue at a supplier close to you right this moment.