- honda motor co ltd HMC is Planning to launch more than 10 electric motorcycles models worldwide in the next three years and aims to achieve carbon neutrality of its motorcycles by 2050.
- The company cited heavier vehicle weights, higher prices, government regulations and incentives as factors hampering the spread of electric motorcycles.
- Honda will introduce electric motorcycles that address a wide range of customer needs to serve emerging markets.
- Therefore, from 2023, Honda will also introduce flex-fuel (gasoline-ethanol blended fuels) models in India alongside Brazil.
- Aimed at business customers, the company has introduced the Honda E-Business bike series.
- For personal use, Honda plans to launch two personal EV models in Asia, Europe and Japan between 2024 and 2025.
- The company will also develop electrified medium and large sport bikes in the FUN category.
- HMC also plans to sell 3.5 million electric motorcycles annually through 2030, or around 15% of total sales. Reuters reported.
- Price promotion: HMC shares closed 0.50% higher at $26.08 on Monday.
- Photo via company
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