Despite recent debates, electric cars are, according to many manufacturers, the most important alternative to cars to achieve carbon neutral targets, and companies are seriously investing in electric vehicle technologies. Finally the Japanese manufacturer hondaheld a meeting to provide information on electric transition initiatives and investment strategies.

The highlight of the meeting was the major investment that the company announced it would make in this area. by 2050 to be climate neutral The company announced that it has decided to increase its investments in electric vehicles to 10 trillion yen (about $65 billion).

The investments will be divided into three channels

Honda divides its electric vehicle investments into three main sections. The first of these is of course that of the company under its own brand While the focus is on the introduction of the electric vehicles it will launch, the other two parts are the creation of a battery-centric vehicle value chain and the development of electric vehicle manufacturing technologies and facilities.

Under this plan, the company will allocate a budget of 6 trillion yen for the new factory system and new vehicle design. Software research and development and battery production will each receive an investment of 2 trillion yen. Honda’s goal is to reduce battery costs by 20% and production costs by 20%. It can reduce it by 35%.

According to Honda From 2030 Electric vehicles and fuel cell electric vehicles will account for 40% of sales across the global product line. The company plans to sell more than 2 million electric vehicles in the process and transition to electric and fuel cell vehicles in the global market by 2040.