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Honda aims for all new car sales to be electric vehicles by 2040
"By setting a high goal and sharing the attitude to pursue it (within the company), we aim to challenge for its realization," Honda's new president Toshihiro Mibe said as he unveiled the plan during a press conference.
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Honda Motor's all-new Legend flagship sedan is displayed at a press preview in Tokyo on November 10, 2014. Honda Motor announced it would begin sales of the all-new Legend at dealerships across Japan on January 22, 2015. (Agence France Presse/Kazuhiro Nogi)
H
onda Motor said Friday it aims to only sell electric and fuel cell vehicles by 2040, making it the first Japanese automaker to move away from gasoline cars as part of its drive to promote decarbonization.
"By setting a high goal and sharing the attitude to pursue it (within the company), we aim to challenge for its realization," Honda's new president Toshihiro Mibe said as he unveiled the plan during a press conference.
EVs and FCVs are considered eco-friendly in terms of carbon dioxide emissions compared with conventional gasoline cars. FCVs are powered by electricity generated through a chemical reaction between hydrogen and oxygen and do not emit CO2.
Honda's move is in line with the Japanese government's policy of making all new cars sold in the country electrified by 2035. Electrified cars include gasoline-electric hybrids, which Honda's rivals Toyota Motor Corp. and Nissan Motor Co. have been promoting as part of their efforts to meet the government target.
In the run-up to 2040, Mibe said his company plans to raise the rate of EVs and FCVs sold in advanced countries to 40 percent of total sales by 2030 and 80 percent by 2035.
Honda plans to launch two large EVs in North America developed together with General Motors in 2024 and introduce 10 Honda brand EVs in China within the next five years, he said.
