Smart Economy

Tech

Honda to invest $65bn in EVs by 2030

 Published: 15:18, 16 May 2024

Honda to invest $65bn in EVs by 2030

Japanese auto giant Honda said Thursday it will double investment in its electric vehicle strategy to $65bn by 2030.

"Honda is planning to invest approximately 10 trillion yen in resources... through 2030, when the period of full-fledged popularisation of EVs is expected to start," a statement said. 

The company had previously allocated five trillion yen to EV tech by 2030.