Honda announced today that it will launch 30 different electric car models by 2030. The company shared its spending plans for the next 10 years.
Japan-based auto giant Honda shared its plan for electric cars almost exactly a year ago. Accordingly, Honda announced that it aims to have all its vehicles electrified by 2040, and that by 2030 it aims to have electric cars account for 40% of its automobile sales.
As Honda continues to work to achieve its goal, today it shared another statement that closely concerns the automobile industry. This time, the company announced a plan, not a goal. Honda has announced that it will launch 30 new electric car models by 2030. He also shared that he aims to produce two million vehicles every year.
Major investments will be made over the next 10 years:
In addition, the company stated that it plans to spend $40 billion on electrification over the next 10 years. Honda’s spending will include spending on building its own electrification architecture, exploring new growth opportunities in space exploration, developing electric vertical take-off vehicles and producing avatar robots.
In addition to this expenditure, the company will invest $64 billion in research and development during the same period. Finally, the company will invest $80 billion each year in startups that will enable Honda to expand its business.