Automotive News Daily Drive · Automotive News

March 14, 2026 | Weekend Drive: Automakers pay big to retreat on EVs, but could the market make a comeback?

·22 min·2 clips
Honda canceled three EVs expecting $16 billion losses, revealing how automakers got the EV transition wrong.
This episode discusses the auto industry's EV challenges, including Honda's $16 billion loss from canceled models, a $70 billion industry restructuring, and supplier pressures from geopolitical tensions. It also covers Ford's efforts to improve supplier transparency and the potential for used EVs to boost demand.

As heard by us

A grounded look at EV retrenchment, write-downs, and supplier strain.

Automotive News Daily Drive treats this weekend roundup as a business story, not a slogan story. It moves from Honda's costly retreat and the growing pile of automaker write-downs to the strain sitting underneath the supply chain, then turns to the harder question of what…

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Why you'd press play

You want the EV pullback explained in plain business terms.

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