Many manufacturers have announced electric cars “for less than 25,000 euros”. Citroën was first with its ë-C3, given that the Dacia Spring has too many compromises to be a true ‘first’ car for the household.

Then there will be Renault 5 E-Tech, Volkswagen ID.2, electric Fiat Panda and other Tesla Model 2. On the other hand, Honda or models from the General Motors group will not be there right away.

A financial hole?

Indeed, Honda and General Motors jointly announced an ambitious project aimed at creating “affordable” electric cars, with the launch date is planned for 2027. However, last week the two automotive giants pulled a surprise announcing his decision to end this cooperation.

In a joint statement, Honda and GM explained that, “After extensive research and analysis, we have decided by mutual consent to terminate the program”. This move surprised many industry observers who had hoped for fruitful cooperation.

The initial goal of this partnership was development a new line of electric cars at affordable prices, combining the technology and experience of Honda and GM. However, after a year of studying the project, the two companies concluded that it would be more difficult to implement this cooperation than expected, and therefore decided to end the cooperation.

This does not mean that Honda and GM are leaving the electric car market. Honda has reaffirmed its commitment to the transition to electric mobility, saying it remains “concentrate” on its goal is to achieve 100% of global sales in the electricity sector by 2040.

General Motors in a mess?

For its part, General Motors is currently going through a difficult period, affected by the social movement, which could lead to a loss of $200 million in operating profit in the third quarter. This situation forced him to cancel his annual performance forecasts.

In an address to shareholders, GM expressed its intention “to consider accelerating the production of electric cars in North America” in order to protect prices, adapt to a temporary slowdown in demand and implement technical improvements aimed at reducing production costs and increasing profitability.

However, GM and Honda do not completely abandon cooperation. The two companies have worked together on various projects over the years, particularly in the field of autonomous vehicles through the company Cruiselargely owned by GM with investment from Honda.

They recently announced plans to launch an autonomous taxi service in Japan in early 2026, starting in Tokyo with dozens of fully autonomous Cruise Origin vehicles, with the possibility of expanding the service in the future.

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