The CEO, Toshihiro Mibe, of the carmaker giants Honda has decided to raise sales of electric vehicles(EVs) and fuel cell vehicles(FCVs) to 100 percent by 2040. They also hope to reach the level where sales of the two types of cars will account for about 40% and 80% by 2030 and 2035, respectively.
Honda has decided to produce more EVs and FCVs in the next years to fulfill their aim. They will launch the EVs manufactured by them on the latest EV platform by Honda, known as e: Architecture. The models will then be launched first in North America and then to other regions. Also, Honda and GM jointly manufactured models using GM Altium batteries. They will probably come out in the North American market by 2024.
Mibe was quoted saying to Reuters that he believes it to be the aim of the automobile makers to reach the carbon-free goal on a tank-on-wheel basis. Additionally, he also said about materializing this goal in the market of Japan, that although their aim is very steep, it’s possible keeping in view Japan’s aim of carbon neutrality by 2050. Honda is fully supportive of this target: 46%, and they’d put in full efforts in this direction.
The expected investment by Honda for electrification over the coming six years is USD 46.3 billion in R&D initiatives, which is not subject to change despite fluctuations in sales revenue. Till then, stay tuned to MediaScrolls for more such exciting news.