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Honda Pours $40 billion into EVs

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  $40 Billion Investment Over the Next Decade                                                  Source:  Honda Millions of Honda EVs to Go Into Production Japanese automotive giant Honda is investing $40 billion to electrify its car lineup.  The investment over the next decade will cover R&D and production.  Honda says that by 2030 it will have launched 30 new EVs, including two SUVs and a mini-car.  The company is also accelerating production to 2 million electric vehicles per year. Big Battery Push Honda is simultaneously focusing on the development of solid-state batteries that are lighter, faster to recharge and provide longer range than current lithium-ion batteries used to power EVs.  Honda expects to bring its own solid-state batteries to the global market in the second half of this decade.  It is also exploring potential next-G battery partnerships globally.  Honda believes that the new batteries will significantly reduce the cost of EVs and greatly extend their miles-range

Honda's $40 Billion EV Plans

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  $40 Billion Investment Over the Next Decade                                                  Source:  Honda Millions of Honda EVs to Go Into Production Japanese automotive giant Honda is investing $40 billion to electrify its car lineup.  The investment over the next decade will cover R&D and production.  Honda says that by 2030 it will have launched 30 new EVs, including two SUVs and a mini-car.  The company is also accelerating production to 2 million electric vehicles per year. Big Battery Push Honda is simultaneously focusing on the development of solid-state batteries that are lighter, faster to recharge and provide longer range than current lithium-ion batteries used to power EVs.  Honda expects to bring its own solid-state batteries to the global market in the second half of this decade.  It is also exploring potential next-G battery partnerships globally.  Honda believes that the new batteries will significantly reduce the cost of EVs and greatly extend their miles-range