A spike in infections has forced governments in Asia to impose fresh lockdowns and curbs, which are causing disruptions in parts supply across the region, adding to a global chip shortage.
The automaker has asked suppliers to make up for lost output so it can build an additional 97,000 vehicles between December and the end of March, Reuters reported.
EV production should account for about 40 to 50 percent of Honda's total output in North America in 2030, or around 800,000 battery-electric vehicles.
For 2022, the IHS Markit light-vehicle production forecast was cut by 9.3 percent, or about 8.4 million vehicles.
Toshihiro Mibe is starting a radical revolution that includes rockets, partners and an end to combustion engines.
Respondents in the U.S. and China appeared to be the most optimistic about profitability moving forward, the data showed.
The automaker is making up for lost time in its newest EV spending plan. But it's still playing it safe on its long-range outlook.
Global executives foresee a major shift to online auto sales by 2030, with a steep rise in automaker direct-to-consumer sales.