Honda CEO Toshihiro Mibe has truly begun to wake up and smell the EV coffee lately, making several big announcements in 2022 that pertain to expanded electrification. In its latest news, Honda plans to invest about $40 billion over the next decade to deliver 30 BEVs around the globe. Despite this effort and additional funds allocated toward solid-state battery development, Honda is still very much in love with hybrid vehicles and plans to continue to promote them.
Honda Motor Co., Ltd. is a legacy automaker that has joined its competitors in sharing goals to expand electrification, striving toward 100% electric sales by 2040. With companies like Honda, it’s important to note the semantics used in this industry, as there’s a big difference between “electrified” and “pure electric.” A huge chunk of Honda’s electrification strategy still includes Hydrogen Fuel…