Arrow Artboard Created with Sketch. Artboard Created with Sketch. Title Chevron Title Chevron Icon Facebook Icon Linkedin Icon Mail Contact Path Layer Icon Mail Positive Arrow Icon Print Automobiles Honda to invest $40bn in EVs as it aims to go all-electric by 2040 Company to launch 30 electric models by 2030 Honda Motor is accelerating its global expansion of electric vehicles.
SHOICHIRO TAGUCHI, Nikkei staff writer April 12, 2022 10:58 JST Updated on April 12, 2022 16:38 JST | Japan
TOKYO -- Honda Motor announced on Tuesday that it will invest 5 trillion yen ($40 billion) in the development of electric vehicles over the next decade and plans to release 30 EV models by 2030.
Honda said it will spend 8 trillion yen in total on research and development over that period.
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