Honda needs an EV for underneath $30,000 within the US as early as 2026

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

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 essential market, which accounts for roughly a 3rd of the Japanese automaker’s gross sales.

After a sluggish begin, Honda is trying 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.

Based on Nikkei, Honda plans to launch a smaller EV priced underneath $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 considered one of seven new fashions within the lineup that can 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 recent automotive gross sales.

Electrek’s Take

At underneath $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 might face extra competitors by then.

Both approach, it might 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 primarily based on the identical platform.

Though GM discontinued its iconic Bolt EV, the smaller electrical automotive 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 start out at round $30,000 or much less.

Will Honda’s new EV compete with the next-gen Chevy Bolt EV? Or will 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 preserve 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 gasoline vehicles. You should utilize our hyperlink to discover provides on the 2024 Honda Prologue at a seller close to you as we speak.