HONDA AIMS FOR AN ALL-ELECTRIC OR BATTERY-POWERED FLEET BY 2040

By Anne Bourgoin

While many automakers are reinvesting in their gasoline engines, Honda is moving in the opposite direction. The Japanese firm, which has not been the most active when it comes to electric vehicles, is announcing major investments.

Honda is committed to selling only electric or fuel-cell vehicles by 2040. Between now and 2030, it will also commit over €65 billion to its electrification strategy.

Twenty percent of this sum will be invested in key markets such as Canada, the USA and Japan. Sixty percent will go into the production and design of new electric vehicles and motorcycles, and the remaining 20% will be dedicated to research and development.

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