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Tuesday, April 30, 2024

Honda aims for 100% electric vehicles by 2040

Honda Motors’ new CEO Toshihiro Mibe at his inaugural news conference in Tokyo on Friday. (Photo: Reuters)

TOKYO: Honda Motor Co is aiming to increase its ratio of electric vehicles (EVs) and fuel cell vehicles (FCVs) to 100% of all sales by 2040, chief executive Toshihiro Mibe said on Friday.

Speaking at his first news conference since taking the helm of Japan’s second-largest automaker at the beginning of April, Mibe said the company supported the government’s green goals.

“I believe it is the responsibility of an automaker to achieve our carbon-free goal on a ‘tank-to-wheel’ basis,” Mibe said.

The company expects EVs and FCVs to account for 40% of sales by 2030 and 80% by 2035 in all major markets, including North America and China.

Honda’s announcement of its electrification strategy comes after Prime…

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