Honda has reaffirmed its belief that e-mobility (EVs and e-motorcycles) is best, aiming to have EVs and fuel cell EVS (FCEVs) represent 100% of its global vehicle sales by 2040.
The Japan-based company must look ahead to the period of EV popularisation (second half of the 2020s) and build a strong EV brand, says Honda in a recent business briefing on electrification and investment.
It plans to reduce the cost of batteries procured in the US by more than 20% (it has enough batteries for about two million EVs annually), will launch seven EV models globally in the Honda O Series by 2030, and will introduce a micromobility product with four Mobile Power Packs (MPP) in Japan before the end of FY2026 and invest 10 trillion yen (about NZ$104.7 billion) in resources through to FY2031.
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