Honda to invest $40 billion for electrification, plans 30 EVs by 2030
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Honda has revealed intentions to release 30 electric vehicle (EV) models worldwide by 2030, ranging from commercial-use mini-EVs to flagship-class models, with an annual production volume of over 2 million units. Honda will invest around 5 trillion yen ($40 billion) on electrification and software technologies over the next ten years, including both R&D expenses and separate investments, to further accelerate its electrification.