Honda said they plan to spend $64B on R&D over the next eight years. In addition to 30 EV models, the company hopes to reach the annual production of 2M EVs by 2030.
A new age? CEO Toshihiro Mibe says this is not the end of their previous hybrid technology, adding, "We will develop our current hybrids and use them as a weapon in our business." The bulk of the investment will be in electrification and software.