Honda announced on Thursday that it will double its investment in electric vehicles to around €59.46 billion by 2030.
The decision was announced by the CEO of the Japanese automaker, Toshihiro Mibe, during the presentation of the company’s electrification plans, at a time when Honda’s strategy is to expand its electric and fuel cell models to all sales by 2040, in order to compete with rivals such as Tesla and BYD.
During the presentation, Mibe mentioned that the electric vehicle industry is still in its early stages, but that, in the long term, «the shift to electric vehicles will continue to progress steadily», according to the statement released by the automaker.
The announced investment amount is double the amount Honda had previously planned in its strategy, around €35.67 billion, and will be used to build a state-of-the-art factory and produce new car models.
Another €11.89 billion will be allocated to research and development of software, and the rest for the production of batteries for the new electric models.
El constructor japonés tiene como objetivo reducir el costo de adquisición de baterías de los EE. UU. en un 20% para 2030, así como reducir los costos de producción eléctrica en un 35%.
Es importante recordar que Honda anunció a principios de año en el CES de Las Vegas que planea lanzar siete nuevos modelos eléctricos de su serie Honda 0 a nivel mundial, los cuales comenzarán a llegar al mercado en 2026.
