• By Divanshi Sharma
  • Fri, 17 May 2024 01:12 PM (IST)
  • Source:JND

Honda is determined to catch up in the electric vehicle (EV) market. The Japanese car manufacturer recently announced plans to double its investment in EVs to $65 billion. By 2030, Honda aims to introduce seven new EV models globally, focusing on both quantity and quality. The company plans to leverage its Formula 1 (F1) technology to make these upcoming EVs unique.

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A key focus for Honda is reducing the weight of its EVs. Using its F1 expertise, Honda aims to make its new models about 90 kilograms lighter than current EVs. This will be achieved by designing lighter body frames and thinner electric motors. Additionally, the batteries and motors will be placed lower and towards the centre of the vehicles, resulting in a lower centre of gravity and improved handling.

Lighter EVs will also be more efficient and Honda is working to ensure that its new models will have a minimum range of 480 kilometres. These seven models, part of the new O Series lineup, will be developed from scratch and will feature a variety of body shapes and sizes. The lineup will include an electric sedan, an entry-level electric SUV, a three-row electric SUV, a compact electric SUV, a compact electric sedan and a small electric SUV.

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Honda's new-generation EVs are expected to hit the market by 2026, with the US being one of the first countries to see these new models. By 2030, Honda expects EVs and fuel-cell vehicles to make up over 40 per cent of its global sales. While the primary focus will be on profit making markets like China and the US, Honda also plans to target European and other emerging markets.