MARYSVILLE, Ohio : Honda Motor Co is moving rapidly to catch up with electric-vehicle competitors in global markets, but the company's top executive said combustion engines could last through 2040 and beyond.Regarding the Japanese automaker's accelerating transition to EVs, Chief Executive Toshihiro Mibe
MARYSVILLE, Ohio : Honda Motor Co is moving rapidly to catch up with electric-vehicle competitors in global markets, but the company's top executive said combustion engines could last through 2040 and beyond.
That includes the establishment next month of a standalone business unit to oversee development of Honda's EV and battery business, which eventually could include an investment in charging stations, similar to Tesla Inc's Supercharger network, Mibe said in Marysville, Ohio, at the hub of the company’s U.S. operations.
Honda has been slow to follow larger rivals, from Volkswagen AG to General Motors Co, in committing billions of dollars to developing and building EVs and batteries. Now it plans to invest at least $40 billion through 2030, with the goal of pushing hybrid and fully electric vehicles to 40 per cent of its sales by decade's end.
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