Oct 25 (Reuters) - Honda Motor is shelving plans to jointly develop affordable electric vehicles (EVs) with General Motors due to a changing business environment, Bloomberg News reported on Wednesday, citing an interview with Honda CEO Toshihiro Mibe.

GM and Honda had agreed to develop a series of lower-priced EVs based on a new joint platform, producing potentially millions of cars from 2027. (Reporting by Gursimran Kaur in Bengaluru; Editing by Savio D'Souza)