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

A brand new Honda EV for below $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 date.

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

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

After a sluggish 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 whole new lineup of EVs quickly.

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

In keeping with Nikkei, Honda plans to launch a smaller EV priced below $30,000 within the US as early as 2026. It is going to be made domestically, beginning with the batteries, to chop prices. The brand new EV is predicted to be the entry-level mannequin for its upcoming Honda 0 Collection. It is going to be a cornerstone for Honda’s international enlargement.

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 all 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 packages 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 predicted 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 below $30,000, Honda’s new EV can be cheaper than most gas-powered vehicles, 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 approach, it could seemingly be a scorching vendor. Honda offered 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 based mostly 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 shall be part of a “household of Bolts,” based on 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 based mostly on it? GM can be in talks with Hyundai about rebadging EVs and promoting them within the US. Keep tuned for extra. We’ll hold you up to date with the most recent.

With leases beginning as little as $209 per 30 days, the Honda Prologue is already extra inexpensive than many fuel vehicles. You should utilize our hyperlink to discover provides on the 2024 Honda Prologue at a seller close to you at the moment.