Honda is investing $40 billion over the next decade in research, especially to realize a major shift to ecological electric vehicles.
Honda Motor Co. Chief Executive Toshihiro Mibe answers questions from media during a press conference Tuesday, April 12, 2022, in Tokyo. – Honda is investing 5 trillion yen over the next decade in research, especially to realize a major shift to ecological electric vehicles, the Japanese automaker said Tuesday.
Efforts in North America will focus on the collaboration with General Motors Co., under which Honda Motor Co. is jointly developing two midsize to large EV models, set for sale in 2024. Top automakers are accelerating electric car offerings amid pressing concerns about climate change, while also employing new kinds of fuel, such as biofuel and hydrogen-powered fuel cells.Honda will launch 30 EV models globally by 2030, targeting production of more than 2 million vehicles a year, according to the maker of the Accord sedan, Asimo robot and Gold Wing motorcycles.
In Japan, a market dominated by gas-electric hybrids, Honda will start with small commercial vehicles, such as delivery vans.
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