Web Desk. Japanese company Honda has announced that all its vehicles will be 100% electric in the next 19 years. According to AFP news agency, Honda company announced on Friday that by 2040, all the vehicles will be powered by electric and fuel cell hydrogen.
Honda’s new chief Toshihiro Mibe said it was difficult to target electric and fuel cell vehicles, but he wanted to set a bigger target for the company.
According to the company’s targets for the next 19 years, 40% of electric and fuel cell vehicles will be sold in the market by 2030, while 80% will be sold by 2035.
According to the company, by 2040, all Honda sales in the global market will be based on electric and fuel cell vehicles. Honda plans to invest $46 billion in research and development to meet its target.
Honda’s statement came after Japanese Prime Minister Yoshihide Suga announced a 46 percent reduction in carbon dioxide emissions by 2030. Following US President Joe Biden’s commitment to environmental protection, other countries have once again turned their attention to the issue.