Honda recently announced a major investment in electric vehicles (EVs), predicting that internal combustion engines (ICEs) will remain in use after 2040. This announcement marks a major shift in the automotive industry, as Honda joins other major automakers in investing heavily in the development of EVs.

Honda’s investment in EVs is part of its commitment to reduce carbon emissions and meet the goals of the Paris Agreement. The company has set a goal of reducing its CO2 emissions by 50% by 2050, and it is investing heavily in the development of EVs to help reach that goal. Honda plans to introduce its first all-electric vehicle in the U.S. in 2022, and it expects to have multiple EVs on the market by 2025.

Despite its commitment to EVs, Honda believes that ICEs will remain in use after 2040. The company believes that ICEs will still be necessary for certain applications, such as commercial vehicles and off-road vehicles. Honda also believes that ICEs will remain cost-effective for some applications, such as long-distance trucking and shipping.

Honda’s announcement is part of a larger trend in the automotive industry. Major automakers such as Volkswagen, Toyota, and General Motors are all investing heavily in the development of EVs. These investments are driven by both environmental concerns and consumer demand for more efficient and sustainable vehicles.

Honda’s announcement is an important step forward in the transition to a more sustainable automotive industry. The company’s commitment to reducing emissions and investing in EVs will help reduce global carbon emissions and move the industry closer to a future powered by clean energy.

Source: Plato Data Intelligence: PlatoAiStream