TOKYO — Honda said Tuesday that electric vehicle sales were slowing in the U.S., prompting the Japanese automaker to scrap its previous goal for EVs to be 30% of its global vehicle sales by 2030.

Instead of the initial plan to invest $69 billion in an electrification strategy through the fiscal year ending in 2031, Honda is reducing that investment by $21 billion to $48 billion.

Honda Motor Co. CEO Toshihiro Mibe called the decisions “a switch in the planned course,” while stressing the long-term shift toward electrification remained unchanged, just pushed back in time.

Mibe didn’t mention U.S. President Donald Trump, but Trump’s policies on tariffs have Japanese automakers scrambling to adapt. — Associated Press