Japanese automaker Honda revs up on EVs, aiming for lucrative US, China markets

Logos of Honda Motor Co. are pictured in Tsukuba, northeast of Tokyo, on Feb. 13, 2019. Japanese automaker Honda reaffirmed its commitment to electric vehicles Thursday, May 16, 2024, saying it will invest 10 trillion yen ($65 billion) through fiscal 2031 to deliver EV models around the world, including the U.S. and China. (Kyodo News via AP)

TOKYO (AP) — Japanese automaker Honda reaffirmed its commitment to electric vehicles Thursday, saying it will invest 10 trillion yen ($65 billion) through fiscal 2031 to deliver EV models around the world, including the U.S. and China.

“Honda has not changed its belief that EVs are the most effective solution in the area of small mobility products such as motorcycles and automobiles,†the Tokyo-based company said in a statement.

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