Japanese car giant Honda said Friday it would aim to have electric and fuel cell vehicles account for 100 percent of all sales by 2040 to promote climate goals.
The automaker’s newly appointed CEO Toshihiro Mibe described the target as “challenging” but said the firm wanted to “set high goals”.
Honda has said it wants the ratio of electric vehicles and fuel cell electric vehicles sold in major markets to hit 40 per cent by 2030 and 80 per cent by 2035, before hitting 100 per cent globally by 2040.
It has unveiled 5 trillion yen ($46 billion) in investments in its R&D to reach the goals.
