The Japanese firm has outlined its shift to electrification, pledging to achieve annual EV production volumes of more than two million units by 2030, ushering in solid-state battery technology and launching a pair of all-electric sports car flagships.
Honda aims to achieve net carbon neutrality by 2050 but says "a multi-faceted and multi-dimensional approach" to electrification is needed, "not a mere replacing of engines with batteries".
To this end, it will allocate a portion of a committed eight trillion yen (£49bn) R&D budget to developing hydrogen powertrains and battery-swapping hardware as a means of facilitating the phase-out of combustion powertrains over the next 10 years. Some five trillion yen (£31bn) is reserved exclusively for "electrification and software technologies".
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