Honda has announced plans to launch 30 electric vehicle (EV) models globally by 2030 with production volume of more than 2 million units annually. The Japanese company plans to invest approx. $40 billion to electrify its lineup over the next decade, including both R&D expenses and separate investments.
Honda also announced that it will further accelerate its independent research and development of next-generation batteries. For the all-solid-state batteries it currently has under development, the company decided to build a demonstration line, investing approx. $343 million, with a goal to make it operational in Spring 2024. Honda aims to adopt its next-generation batteries to models to be introduced to the market in the second half of the 2020s.
Honda revealed its plans to launch two electric sports models, a specialty and a flagship model, by mid-decade. According to the company, these two models will embody Honda’s universal sports mindset and distinctive characteristics.
In 2026, Honda will begin adopting Honda e:Architecture, an EV platform that combines the hardware platform and software platform.
Through the alliance with GM, Honda is planning to introduce affordable EVs in 2027, with a cost and range that will be as competitive as gasoline-powered vehicles, starting from North America.