https://techcrunch.com/2023/01/24/honda-is-setting-up-a-dedicated-ev-division/

Honda is establishing a division dedicated to the development of electric vehicles and other electrical products including storage and generation, the company said on Tuesday (via Reuters). The Japanese automaker somewhat lags the rest of the market when it comes to EVs to date.

Last year, Honda announced expansive plans to electrify its lineup, including the intent to launch 30 fully electric vehicles by 2030, and a goal of ramping to a production volume of over 2 million EVs per year by the same time. Honda also earmarked $40 billion for electrification over the course of the next decade – across its automotive division, but also including development of other electrified products, including robots, personal transport options and space-based technology.