Automaker Honda has announced plans to launch 30 electric vehicle (EV) models globally by 2030 — a full lineup from commercial-use mini-EVs to flagship-class models — with production volume of more than 2 million units annually.
Over the next 10 years, Honda will allocate approximately 5 trillion yen ($40 billion) in the area of electrification and software technologies to further accelerate its electrification, including both R&D expenses and separate investments.
Honda’s overall R&D expenses budgeted for this period will be approximately 8 trillion yen, the company said in a statement late on Monday.
“Honda will build a demonstration line for the production of all-solid-state batteries with an investment of approximately 43 billion yen and further accelerate the research with a goal to start demonstration production in Spring 2024,” said the company.
