Dabbie Davis   May 17, 2024   

CEO Toshihiro Mibe recently restated Honda's commitment to electric vehicles (EVs), showing confidence in competing in the small EV markets and predicting increased EV adoption. With a $65 billion investment in electrification, Honda targets a 5% profit margin from EVs by 2030 and aims for 40% of global sales to be EVs by that time.