Honda, the leading Japanese automaker, announced a substantial investment of 500 billion yen ($3.4 billion) in the production of electric motorcycles and mopeds within this decade. As the world’s foremost producer of two-wheelers, Honda aims to introduce 30 new electric models by 2030 and reduce the current cost of electric motorcycles by 50 percent, AFP reported.
The company outlined its commitment, stating a 100 billion yen investment between 2021 and 2025 for motorcycle electrification, with an additional 400 billion yen allocated for the period from 2026 to 2030. Honda also raised its global annual sales target for 2030 to four million units, up from the previous goal of 3.5 million set last year.
While utilizing existing infrastructure for internal combustion engine models initially, Honda plans to initiate dedicated electric motorcycle production plants around 2027.
To enhance customer convenience, the company will introduce online sales, allowing customers to purchase motorcycles without visiting a physical dealer. The global electric motorcycle market, valued at $30 billion in 2022, is expected to witness nearly 19 percent annual growth between 2023 and 2030, driven by concerns over fuel costs and climate change, according to Grand View Research.
The company outlined its commitment, stating a 100 billion yen investment between 2021 and 2025 for motorcycle electrification, with an additional 400 billion yen allocated for the period from 2026 to 2030. Honda also raised its global annual sales target for 2030 to four million units, up from the previous goal of 3.5 million set last year.
While utilizing existing infrastructure for internal combustion engine models initially, Honda plans to initiate dedicated electric motorcycle production plants around 2027.
To enhance customer convenience, the company will introduce online sales, allowing customers to purchase motorcycles without visiting a physical dealer. The global electric motorcycle market, valued at $30 billion in 2022, is expected to witness nearly 19 percent annual growth between 2023 and 2030, driven by concerns over fuel costs and climate change, according to Grand View Research.
Denial of responsibility! Swift Telecast is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – swifttelecast.com. The content will be deleted within 24 hours.