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 might come as quickly as subsequent 12 months. 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 thus far.

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

After a powerful gross sales 12 months within the US, Honda is aiming for a much bigger share in its most necessary market, which accounts for roughly a 3rd of the Japanese automaker’s gross sales.

After a gradual begin, Honda is trying to catch up within the EV market. Though gross sales of its first electrical SUV, the Prologue, surged final 12 months after deliveries started in March, Honda is launching a complete new lineup of EVs quickly.

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

In line with Nikkei, Honda plans to launch a smaller EV priced below $30,000 within the US as early as 2026. It will likely 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 will likely be a cornerstone for Honda’s international enlargement.

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

The report claims Honda will construct the $30,000 EV in Ohio. It will likely be certainly one 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 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 anticipated to start manufacturing later this 12 months.

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 recent automobile gross sales.

Electrek’s Take

At below $30,000, Honda’s new EV could 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 might face extra competitors by then.

Both means, it will doubtless be a scorching vendor. Honda bought over 33,000 Prologue SUVs within the US final 12 months 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 might be part of a “household of Bolts,” in line with GM President Mark Reuss. It’s additionally anticipated to start out 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 also be in talks with Hyundai about rebadging EVs and promoting them within the US. Keep tuned for extra. We’ll preserve you up to date with the newest.

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