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Honda to invest $40B over 10 years in electrification and software; launching 30 EV models by 2030; > 2M units p.a.

Green Car Congress

In a press briefing held in Tokyo on its initiatives in automobile electrification, Honda announced that it will spend approximately ¥5 trillion (US$40 billion) in the area of electrification and software technologies to further accelerate its electrification over the next 10 years, including both R&D expenses (¥3.5 trillion / US$12 billion).

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Honda targeting 100% BEV & FCEV sales in N America by 2040; new e:Architecture EVs coming in second half of this decade

Green Car Congress

Honda last week announced key targets for sales of electrified vehicles in North America, with a plan to make battery-electric and fuel cell electric vehicles (BEVs and FCEVs) to represent 100% of its vehicle sales by 2040, progressing from sales of 40% by 2030 and 80% by 2035. Honda SUV e:prototype shown at Shanghai 2021.

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Honda to step up its game with new electric motorcycles and EVs

Teslarati

Honda appears ready to go full electric and dive into the increasing competition in the EV industry. At the same time, Honda plans to increase its annual sales of electric motorcycles to 3.5 Low-emission vehicles are also starting to influence other transportation models that use fossil fuels, like motorcycles.

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Honda may build an EV factory in Canada featuring in-house battery cells

Teslarati

Japanese automaker Honda is considering locations to build an electric vehicle (EV) factory in Canada featuring the use of in-house battery cells. Honda would be aiming to have the facility operational by 2028, and the company is planning to decide on a specific location by the end of this year. million sales per year by 2030.

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Honda EV production begins to take form with new battery deal

Teslarati

Honda has partnered with Ascend Elements to recycle lithium-ion batteries and recuperate the elements into new cells. As Honda works towards selling its first electric vehicle, the Honda Prologue, in 2024 , its production and manufacturing chops for EVs are finally taking form.

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Honda formalizes joint venture with LG Energy Solutions

Teslarati

Honda and LG have announced a $3.5 As Honda’s automotive sales have shrunk dramatically over the past year, the company has begun to look at electric vehicles with renewed interest. The plant will have a production capacity of 40GWh, and Honda plans to finish construction in mid-2024, with full production slated for 2025.

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Honda Speaks About Near Future, EV Plans

The Truth About Cars

Honda has sent us a brief on its hopes and plans for the near future. Honda also says it's continuing to aim to reach a goal of a 7 percent return on sales by fiscal year 2026. Honda also says it's continuing to aim to reach a goal of a 7 percent return on sales by fiscal year 2026. There's more.

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