Honda is shifting its focus towards hybrid vehicles to support the transition to electric vehicles (EVs).
The company plans to introduce 13 new hybrid models globally between 2027 and 2031 and aims to sell between 2.2 million and 2.3 million hybrid vehicles annually by 2030.
Honda is developing new hybrid powertrain technologies, including a next-generation e: HEV system set to debut in 2027 with improved fuel efficiency and reduced production costs.
Honda is reducing its investment in electrification and software by 30% by 2030, expects electric cars to account for 20% of its sales by 2030, and aims for battery-powered vehicles to constitute 100% of its new car sales globally by 2040.