Ontario Premier Ford is vowing to hold auto companies that pull out from Ontario "accountable" after news that Honda announced it is putting a major electric vehicle supply chain planned for the province on hold.

Honda Malaysia has launched its first all-electric vehicle in the country, with the e:N1 making its official debut earlier this morning. The B-segment SUV, which was first shown here last December at the Kuala Lumpur

Research from Canada's parliamentary budget watchdog indicates that manufacturers, between 2020 and 2024, unveiled plans to invest roughly $33 billion in EV and related supply-chain production. The Canadian government pledged $22 billion in financing and tax breaks to lure those companies.

The development won’t affect jobs at Honda’s Alliston, Ont., plant, but it comes at a turbulent for the province’s automotive industry

Honda announced the postponement on Tuesday after forecasting a 59 per cent profit decline in the current fiscal year.

Postponing the Canadian EV project is part of the automaker's effort to contain the damage from hefty U.S. tariffs on foreign-made vehicles. Honda said it expects its net profit to drop 70% to 250 billion yen, equivalent to $1.68 billion, for the year ending March 2026.