ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Honda accelerates along EV road under new CEO Mibe

Japan carmaker confronts investment and regulatory challenges

Honda CEO Toshihiro Mibe attends a news conference in Tokyo on April 23. The company is expanding its electric vehicle targets. (Photo by Tetsuya Kitayama)

TOKYO -- Honda Motor is accelerating its rollout of electric vehicles, responding to regulatory and consumer pressure to step away from making traditional gasoline-powered cars and compete with the likes of Tesla Motors.

Toshihiro Mibe, who took over as Honda's CEO on April 1, said on Friday that by 2030 40% of the Japanese carmaker's vehicles in major markets will be powered solely by electric batteries or fuel cells -- EVs and FCVs. By 2035, Honda expects to double this percentage to 80% and by 2040 all its cars globally will be either EVs or FCVs.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more