Honda's First Annual Loss in 70 Years Reveals EV Bubble Bursts Honda's financial reports have made headlines recently, as the Japanese automaker has announced its first annual loss in 70 years.
This setback is a stark reminder that the electric vehicle (EV) market may be experiencing a bubble, and not just for Honda.
The company's struggles are largely attributed to increased competition from other EV manufacturers, such as Tesla and Hyundai, which have successfully disrupted the market with affordable and feature rich models.