Society | Apr 25

Honda aiming for 100% electric vehicles by 2040

Apr 25 (Japan Today) - Japanese car giant Honda said Friday it would aim to have electric and fuel cell vehicles account for 100 percent of all sales by 2040 to promote climate goals.

The automaker's newly appointed CEO Toshihiro Mibe described the target as "challenging" but said the firm wanted to "set high goals".

Honda has said it wants the ratio of electric vehicles and fuel cell electric vehicles sold in major markets to hit 40 percent by 2030 and 80 percent by 2035, before hitting 100 percent globally by 2040.

It has unveiled 5 trillion yen ($46 billion) in investments in its R&D to reach the goals.

Source: ANNnewsCH

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