Honda Commits $65 Billion to Global EV Expansion

The automaker plans significant investments in software, production, and supply chains to achieve full electrification by 2040.

Honda will invest 10 trillion yen ($65 billion) through 2031 to advance its EV strategy.
The company aims for battery and fuel-cell EVs to account for 100% of global sales by 2040.
Seven new EV models will be introduced globally by 2030, with two launching in China this year.
Honda targets cost reductions in EV manufacturing and battery procurement, focusing on North America.
Collaborations with Nissan and IBM will enhance technology and software development.