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<blockquote data-quote="Weather Man" data-source="post: 16611385" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3685035-honda-motors-to-go-fully-electric-by-2040" target="_blank">Honda Motors to go fully electric by 2040</a></p><ul> <li data-xf-list-type="ul">Honda Motor (HMC<a href="https://www.reuters.com/companies/7267.T" target="_blank">)</a> plans to increase its ratio of electric vehicles (EVs) and fuel cell vehicles (FCVs) to 100% of all sales by 2040, says new CEO Toshihiro Mibe - <em><a href="https://www.reuters.com/business/autos-transportation/new-honda-ceo-aims-100-electric-vehicles-by-2040-2021-04-23/" target="_blank">Reuters</a></em>.</li> <li data-xf-list-type="ul">The company expects EVs and FCVs to account for 40% of sales by 2030 and 80% by 2035 in all major markets, including North America and China.</li> <li data-xf-list-type="ul">The commitment follows, Yoshihide Suga, Japanese Prime Minister's aim to cut 46% emissions by 2030 and look for ways to go even further, nearly doubling from its previous target.</li> <li data-xf-list-type="ul">Honda will invest a total of about ¥5T in research and development initiatives, including electrification, over the next six years, regardless of sales revenue fluctuations.</li> <li data-xf-list-type="ul">In North America, Honda and GM to introduce two jointly-developed large-sized EV models using GM's Ultium batteries in 2024 and will launch a series of new EV models which feature a new EV platform dubbed e:Architecture.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16611385, member: 137766"] [URL='https://seekingalpha.com/news/3685035-honda-motors-to-go-fully-electric-by-2040']Honda Motors to go fully electric by 2040[/URL] [LIST] [*]Honda Motor (HMC[URL='https://www.reuters.com/companies/7267.T'])[/URL] plans to increase its ratio of electric vehicles (EVs) and fuel cell vehicles (FCVs) to 100% of all sales by 2040, says new CEO Toshihiro Mibe - [i][URL='https://www.reuters.com/business/autos-transportation/new-honda-ceo-aims-100-electric-vehicles-by-2040-2021-04-23/']Reuters[/URL][/i]. [*]The company expects EVs and FCVs to account for 40% of sales by 2030 and 80% by 2035 in all major markets, including North America and China. [*]The commitment follows, Yoshihide Suga, Japanese Prime Minister's aim to cut 46% emissions by 2030 and look for ways to go even further, nearly doubling from its previous target. [*]Honda will invest a total of about ¥5T in research and development initiatives, including electrification, over the next six years, regardless of sales revenue fluctuations. [*]In North America, Honda and GM to introduce two jointly-developed large-sized EV models using GM's Ultium batteries in 2024 and will launch a series of new EV models which feature a new EV platform dubbed e:Architecture. [/LIST] [/QUOTE]
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