Honda aims for 100% electric vehicles by 2040, says new CEO

Honda Motor Co (7267.T) is aiming to increase its ratio of electric vehicles (EVs) and fuel cell vehicles (FCVs) to 100% of all sales by 2040, chief executive Toshihiro Mibe said on Friday.

Speaking at his first news conference since taking the helm of Japan’s second-largest automaker at the beginning of April, Mibe said the company supported the government’s green goals.

“I believe it is the responsibility of an automaker to achieve our carbon-free goal on a ‘tank-to-wheel’ basis,” Mibe said.

The company expects EVs and FCVs to account for 40% of sales by 2030 and 80% by 2035 in all major markets, including North America and China.

Honda’s announcement of its electrification strategy comes after Prime Minister Yoshihide Suga vowed Japan would aim for a 46% cut in emissions by 2030 and look for ways to go even further, nearly doubling from its previous target.

The target set by the government is “feasible”, Mibe said.

“While the government’s target is extremely difficult, I believe it is a feasible target from the viewpoint of Japan becoming carbon neutral in 2050,” he said.

“As for Honda, we are in full support of this target – 46% -and we’d like to put all our efforts towards achieving the goal,”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.