Honda Loses Money on Electric Cars

May 14, 2026, 13:25

Introduction

Honda lost money for the first time in one year. Now, the company is changing its plans for electric cars.

Main Body

Honda lost about 2.7 billion dollars. They spent too much money on electric cars, but people did not buy them. Now, Honda will not make as many electric cars as they planned. New laws in the USA made electric cars more expensive. The US government stopped giving money to people who buy these cars. Also, wars in the Middle East and competition from China hurt the company. Honda stopped a big project in Canada. They will not build a new factory there. To save money, Honda is selling more motorcycles. They sold over 22 million motorcycles.

Conclusion

Honda will now make more hybrid cars and gas cars. They hope to make money again by 2027.

Learning

⚡ The "Not" Power

In this story, Honda is changing. They are saying NO to old plans. To reach A2, you need to know how to say something is not happening.

How it works: Put do not or did not before the action word.

Past (Finished): did not + action
- People did not buy them. (They didn't buy the cars last year) → Past
Future/Present (Now/Soon): will not + action
- Honda will not make as many cars. (The plan for tomorrow) → Future

🛠️ Useful Words for Money

Word	Simple Meaning
Lose	To have less money than before
Save	To keep money for later
Spend	To give money to buy things

Example: Honda spent too much $\rightarrow$ Now they want to save money.

Vocabulary Learning

lost (v.)

to no longer have something; to be deprived of

Example:Honda lost money for the first time in one year.

money (n.)

cash or other form of currency used for buying goods and services

Example:Honda lost about 2.7 billion dollars.

company (n.)

a business organization that sells goods or services

Example:Now, the company is changing its plans for electric cars.

plans (n.)

a set of intentions or arrangements for future actions

Example:Now, the company is changing its plans for electric cars.

electric (adj.)

Example:Honda lost money on electric cars.

cars (n.)

vehicles with four wheels used for transportation

Example:People did not buy electric cars.

new (adj.)

recently made or introduced

Example:New laws in the USA made electric cars more expensive.

laws (n.)

rules made by a government that must be followed

Example:New laws in the USA made electric cars more expensive.

government (n.)

the governing body of a country that makes and enforces laws

Example:The US government stopped giving money to people who buy these cars.

stopped (v.)

ceased to do something or to continue

Example:The US government stopped giving money to people who buy these cars.