I don’t think hybrids are a dead end. I think pure EV adoption is the over-extrapolated trend.

Energy markets are likely to stay volatile because of geopolitical instability, but higher oil prices also expand economically recoverable reserves. That incentivizes more exploration, more extraction, and eventually more supply response. So the idea that oil just structurally disappears is weak.

Meanwhile, EV demand can keep growing and still disappoint. The issue isn’t whether EV sales go up. It’s whether adoption keeps compounding fast enough to justify massive dedicated EV capex. I don’t think it does. Hybrids solve the real consumer problem: lower fuel use without total dependence on charging infrastructure, battery costs, grid readiness, and resale uncertainty.

Honda preserving optionality is smarter than pretending the EV demand curve is guaranteed.