Honda Motor Co. said Thursday it will double its investment in electric vehicle technology from its previous plan to around 10 trillion yen ($65 billion) for the 10-year period through fiscal 2030.The investment is aimed at enhancing the Japanese automaker's competitiveness with powerful overseas rivals such as Tesla Inc. and China's BYD Co. Honda seeks to increase the ratio of electric and fuel-cell vehicles to 100 percent of its overall new car sales in 2040.Honda CEO Toshihiro Mibe said the EV industry is still nascent but that "in the long run the EV shift will continue to proceed stead…READ FULL ARTICLE
