TOKYO, May 20 (Reuters) - Honda Motor ( HMC ) said on

Tuesday that it was scaling back its investment in electric

vehicles given slowing demand and would be focusing on capturing

growing demand for hybrids with new models.

CEO Toshihiro Mibe told a press conference the automaker has

lowered its planned investment in electrification and software

through the 2030 business year to 7 trillion yen ($48.4 billion)

from 10 trillion yen previously.

It plans to launch 13 next-generation hybrid models globally

in the four years from 2027.

($1 = 144.7000 yen)