Honda has pledged to invest approximately 5 trillion yen ($40 billion) over the next 10 years in electrification and software with the goal of offering 30 all-electric vehicles globally built in an annual volume of 2 million units by 2030.
The ambitious goals were announced today by Honda Motor CEO Toshihiro Mibe during a press briefing at the company's global headquarters in Tokyo.
The executive said that Honda would shift its business away from non-recurring hardware sales toward recurring sales of services that combine hardware and software. This will be made possible from 2026 by the automaker's e:Architecture dedicated EV platform.