Honda pulls the plug on large electric SUV as driver demand for battery powered cars plummets

1. Honda halts large electric SUV development amid weak demand in the US. 2. Cut in EV incentives by Trump impacts Honda's decision-making. 3. Honda slashes $48 billion from EV R&D budget for future projects. 4. Large electric cars struggle to gain market traction as evidenced by competitors. 5. Several car manufacturers delay electric vehicle production amid changing demand.