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Honda says to spend $64 billion on R&D as it revs up electric ambitions -Breaking

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© Reuters. FILE PHOTO – The Honda Motor logo was pictured at 43rd Bangkok International Motor Show in Bangkok, Thailand on March 22, 2022. REUTERS/Athit Perawongmetha

TOKYO (Reuters – Japan’s Honda Motor Co Ltd will spend $8 trillion yen ($64 Billion) over the next ten years on research and developing electric vehicles.

On Tuesday, the automaker stated that it intends to make 2 million electric cars per year by 2030.

($1 = 125.4800 yen)

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