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Honda also aims to reduce EV manufacturing costs by over 30% and plans to bring down battery procurement costs by 20% in North America, Mibe told reporters as part of the company’s update on its business plans.
Now, he’s backing that with numbers. Honda will spend 5 trillion yen ($40 billion) on its push into electric vehicles over the next decade to introduce 30 EV models by 2030 with production volume of more than 2 million vehicles a year.
Toshihiro Mibe's comments reflect the pressure on the global auto industry to share technology and costs to meet demands for cleaner vehicles. He has assumed the top role at Japan's second-largest automaker at a time of a growing shift in automobile technology to electric vehicles (EVs) and autonomous driving.
Speaking at his first news conference since taking the chief executive position at the beginning of April, Toshihiro Mibe said the company expects EVs and FCVs to account for 40% of sales by 2030 and 80% by 2035 in all major markets.
Hachigo will remain on the company board, Japan's second-biggest automaker by sales said in a statement.
