Honda is likely to face strong momentum in the EV space, at least in the early days, analysts said.
Competitors like Hyundai Motor Group are far ahead, with several second-generation electric vehicles going on sale this year and next.
Furthermore, it is difficult to predict consumer behavior with dozens of new electric vehicles planned for North America in the coming years.
“As electric vehicles arrive, these big ideas with millions of drivers eagerly awaiting the opportunity to deliver their traditional vehicle for the latest electric vehicle are quite over the top,” said Sam Fiorani, vice president of global vehicle forecasting at AutoForecast Solutions. “For Honda to reach half a million EVs by 2030, it will take a combination of incentives, infrastructure improvements, vastly improved battery technologies, and most of all, a dramatic change in the way buyers think about EVs. “, said.
Gardner said Automotive News As of June, Honda Motor Co. is the world’s largest manufacturer of internal combustion engines with the inclusion of its motorcycle, electrical and HondaJet offerings.
“It’s a fair comment on Honda that we were not the leaders in the race for battery electric vehicles,” Gardner said. “Now we have our direction … Now we have to move quickly and decisively to get going.”