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With an incoming new CEO, a new strategy has taken hold at Honda. The carmaker will now focus on EV and hybrid production.
This is a good thing, in that it means production plants all across the world will now need to be retooled to produce this new product. It also means that we'll have quieter streets and cleaner air as more and more IC engines are replaced by electric motors.
Honda Reveals New CEO To Boost Electric Vehicle Strategy
Honda has tapped Toshihiro Mibe, the head of its research and development arm as the company's new president, to accelerate the firm’s move into EVs and further enhance its partnership with General Motors.
www.forbes.com
“It’s not enough to come out with products we can call EVs,” said Mibe. “We have to push our efforts to make it a viable business.” Honda has said two-thirds of its sales will focus on electrification—EVs and hybrids—by 2030. According to one source close to Honda, if anyone can achieve that goal, Mibe can.
This is a good thing, in that it means production plants all across the world will now need to be retooled to produce this new product. It also means that we'll have quieter streets and cleaner air as more and more IC engines are replaced by electric motors.