Honda has dramatically scaled back its electric vehicle ambitions in North America, confirming that it has canceled three EVs that were planned for U.S. production.

Just months ago, Honda was promoting its futuristic “0 Series” electric vehicles as the centerpiece of the firm’s next-generation strategy. It just canceled them.

Honda is scrapping three U.S.-bound models.

Honda was set to launch three new electric vehicles in the US this year, but that will no longer happen. Why is Honda ...

The Japanese automaker said the change of plans will cost it up to $15.7 billion.

The Japanese company’s retreat echoes moves by other traditional carmakers as the industry divides between electric vehicle haves and have-nots.

Honda's $15.7 billion writedown of its electric vehicle business is not just a painful reversal of its strategy for the U.

Honda announced a major shift in its future plans today with the cancellation of its U.S.-built 0 Series Saloon and SUV and Acura RSX (Acura is Honda's premium brand) before they were set to go on ...