Honda has just dealt a hard blow to the all-electric dream. In a stunning turnaround, the Japanese auto giant announced that it is rethinking its electrification strategy, signaling that battery electric vehicles (BEVs) are no longer the holy grail of its future.
The move is a major setback for the EV industry, which is already reeling from the Sept. 30 expiration of federal tax credits that have made the electric industry…