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Japan's Honda outlines global strategy for electric cars

Japan's Honda outlines global strategy for electric cars

CTV
Wednesday, April 26, 2023 01:58:50 PM UTC

Honda is gearing up for an electrification shift in North America with two models developed with General Motors going on sale next year and a bigger EV with a new platform in 2025, a year earlier than initially announced.

Honda is gearing up for an electrification shift in North America with two models developed with General Motors going on sale next year and a bigger EV with a new platform in 2025, a year earlier than initially announced.

"We believe that the value society places on being kind to the environment will only build in momentum," President Toshihiro Mibe said Wednesday in announcing a sprawling set of initiatives intended to put Honda on the global EV map.

Mibe told reporters Tokyo-based Honda will forge ahead on investments and partnerships to realize such goals.

Honda has set a goal to have all its models around the world electric or fuel cell, which runs on hydrogen and is emissions-free, by 2040. It aims to make more than 2 million EVs a year by 2030.

 In Japan, where EV demand is picking up gradually, an EV based on the tiny N-ONE model goes on sale in 2025. Two more EV models are planned for the following year.

In China, the world's biggest EV market, Honda Motor Co. has three EV models going on sale next year, e:NS2, e:NP2 and a concept unveiled at the recent Shanghai auto show.

By 2027, Honda will introduce seven more EV models in China. By 2035, Honda aims for 100% electric for its China sales, ahead of other regions.

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