Japan's Honda Motor plans to launch a small electric vehicle priced below $30,000 in North America by as early as 2026, the Nikkei newspaper said on Tuesday, as it plays catch-up in the battery-powered car market.

"Honda reportedly plans to launch sub-$30,000 EV in North America by 2026" was originally created and published by Just Auto, a GlobalData owned brand.

Honda Motor Co., a Japanese automotive giant, is poised to make a significant push into the North American electric vehicle (EV) market with a strategic focus on affordability. According to a report in the Nikkei newspaper,

The entry-level EV from the upcoming Honda 0 Series could be manufactured and sold in North America starting in 2026.

Japanese automaker Honda Motor Co. HMC will reportedly launch a new EV in North America priced below $30,000 as early as 2026. What Happened: The vehicle will be produced locally and rolled out as part of the company’s Honda 0 series lineup, according to a report by Nikkei Asia.

The affordable Honda EV, which could go on sale by 2026, may be produced in the Ohio factory, avoiding potential tariffs

The automaker will produce the low-cost model locally, the Nikkei newspaper reported, adding it will roll it out as part of its upcoming ‘Honda 0 Series’ global EV lineup

NEW YORK -- Honda will introduce a new electric vehicle in North America priced below $30,000 by as early as 2026, as the Japanese automaker aims to attract customers after purchase incentives are removed under the current U.S. administration of President Donald Trump.

The automaker will produce the low-cost model locally, the Nikkei said, adding it will roll it out as part of its upcoming "Honda 0 Series" EV lineup.

After a strong sales year in the US, Honda is aiming for a bigger share in its most important market, which accounts for roughly a third of the Japanese automaker’s sales. After a slow start, Honda is looking to catch up in the EV market.