Japan's Honda expects to book extra costs of almost $16 billion as it recalibrates its electric vehicle strategy. It blamed US policy changes and tariffs in part, as well as reduced competitiveness in Asia.Honda has warned it expects a huge hit to its finances because of a major reorientation of its electric vehicle (EV) strategy. Japan's second-largest carmaker tried to lead the charge on electric motoring but it says that US policy changes and tariffs, coupled with reduced competitiveness in Asia, are for ...