Honda Bets Big: $63,98 Billion Push to Dominate EV Market by 2030

Sunita Somvanshi Sunita Somvanshi

Honda commits $63,98 billion to dominate the electric vehicle market by 2030.

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Seven new EV models from Honda are set to hit global markets by 2030.

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Production costs for Honda EVs to be slashed by 35% with advanced strategies.

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A new ultra-compact EV with a mobile battery pack to launch in Japan by 2025.

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North American battery procurement costs to be cut by over 20% by 2030.

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Honda's comprehensive value chain to bolster battery production worldwide.

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Collaboration with local partners in China and Europe to enhance EV battery production.

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Despite a slowdown, Honda remains confident in the long-term shift to EVs.

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Honda aims for 40% of its global sales to be EVs and fuel cell vehicles by 2030.

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