Honda to launch 30 EV models by 2030, spend $60 billion on R&D

Honda Motor Co. said Tuesday it will launch 30 electric vehicle models globally by 2030 and spend about 8 trillion yen ($63 billion) on research and development over the next 10 years.Honda said it will try to achieve an annual output of over 2 million EV units by 2030 as it accelerates efforts to increase the ratio of electric and fuel-cell vehicles to 100 percent of its overall new car sales by 2040.Amid intensifying global competition, Honda said it will invest 43 billion yen to build a demonstration line in Tochigi Prefecture for the production of all-solid-state batteries, a key compon…READ FULL ARTICLE