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Tag Archives: Honda News

Honda’s Shift Towards Electrification

Recently, Honda has reiterated its ten-year electrification plan. The company's current offering is limited to a region-exclusive low-range urban EV recognized as the Honda e. While the company isn’t last in the EV race, the Japanese automaker is far from a leader. Moving forward, Honda reports that it will be committing a substantial amount of capital over the next ten years, dedicated to improving its electric offerings. The company is allocating 5 trillion yen (~$39 billion) for use in research & development and additional investments to accelerate the electrification process. Ultimately, this plan culminates in offering 30 EVs globally by 2030 with an annual production of over 2 million units. The Details Along with the commitment, Honda presented some near-term plans. Regarding their battery procurement strategy, they will continue to work with each of their current partners. In the US, Honda will receive batteries from General Motors, CATL in China, and Envision ... read more

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