Apr 24 2021
Honda Japan Pledges to Sell Only Electric Vehicles by 2040
Honda is the latest automaker to commit to producing only electric vehicles, following General Motors 'announcement to be 100% electric by 2035 and Swedish automaker Volvo Cars' plans to use the electricity by 2030. In North America, Honda plans to increase the ratio of battery electric vehicles (EVs) and fuel cell electric vehicles (FCVs) to 40%, by 2030, to 80% by 2035, and then to 100% globally by 2040. The target The same goes for the Chinese market, which is the world's largest automotive market. In Honda's home country of Japan, the company's plans are more aggressive. The automaker aims to sell only electric vehicles by 2030, in line with Volvo's targets. Honda and General Motors are jointly developing two full-size EV models using GM Ultium batteries. Two new electric models will debut in 2024, one under the Honda brand and the other under the Honda Acura luxury unit.