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Honda to Invest $65 Billion Over 10 Years to Bolster EV Push
Honda Motor Co. will invest 10 trillion yen ($65 billion) on its electrification strategy this decade as it expects demand for battery-powered vehicles will rebound from short-term headwinds that are stifling purchases. The spending, which will run through fiscal 2031, will cover areas including software, research and development, and establishing supply chains in key markets like the US, Canada and Japan, the company said Thursday in its business plan update. The carmaker maintained its goal of battery and fuel-cell EVs accounting for 100% of global sales by 2040. Source: Bloomberg
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Warp Institute
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Honda
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🛵 Honda is investing heavily in electric motorcycles
Honda releases new electric motorcycles that will suit everyone from enthusiasts to those who just want a simple and cheap means of transportation. You can read the whole article on Warp News: https://www.warpnews.org/transportation/honda-is-investing-heavily-in-electric-motorcycles/
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101 w
Dear Warp Institute Thank you for getting your climate love to level 2! We have reached out to Honda and requested a response. I will keep you updated on any progress! /Muhammad We Don't Have Time
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17 w
I trust that Honda will keep this pledge alive. Let it not be another empty pledge in the phase of harsh realities of climate change
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18 w
The kind of investment that is needed to save our planet, commendable initiative by Honda
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18 w
This is a noble investment that means so much good for our environment, @Honda are setting an exemplary example for other manufacturers to follow in terms of setting sustainability goals.