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Honda says it will double investment in EVs by 2030 to $65 billion

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

Published on: May 16, 2024, 12:19:17 IST
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Japanese auto giant Honda said Thursday it will double investment in its electric vehicle strategy to $65 billion by 2030.

A Honda logo is seen at the New York International Auto Show Press Preview, in Manhattan, New York City. (Reuters)
A Honda logo is seen at the New York International Auto Show Press Preview, in Manhattan, New York City. (Reuters)

"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.

 
Track live Stock Market Today updates and check your NSE IPO Allotment Status Today. Stay informed with the latest business news like N Chandrasekaran, petrol and diesel prices, gold and silver rates, income tax updates, and major economic developments across India and globally.
Track live Stock Market Today updates and check your NSE IPO Allotment Status Today. Stay informed with the latest business news like N Chandrasekaran, petrol and diesel prices, gold and silver rates, income tax updates, and major economic developments across India and globally.
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