Honda is making an investment of exactly 11 billion dollars for electric vehicles and new generation batteries in the Canadian province of Ontario. Although this step may seem small for Honda, it is a really big step for the electric vehicle world. So why is this investment important? Here are the details…
Honda made a huge investment of $11 billion in electric vehicle and battery facilities
Honda’s 11 billion dollar investment, Canadian Prime Minister Justin Trudeau It was announced at an event he attended. Trudeau announced this development for the region, state and country. ‘a very big day’ He described it as. Moreover,“Honda’s investment reinforces Canada’s commitment to becoming a world leader in clean energy and technology.” said.
The timing of this investment by Honda is quite significant, with the goal of all light vehicles and passenger vehicles sold in Canada being zero-emission by 2035. So, what are the details of this giant investment? Honda will add new production facilities next to its existing facilities. The company operates these facilities annually 240 thousand electric vehicles It plans to produce and will start operations in 2028.
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This move will not only make a major contribution to the regional economy, but also 1,000 new jobs in total, creating the opportunity 5 thousand 200 people will ensure that the number of employees is reached. percent of this huge investment. 60-70th While Honda will cover it, the rest will be completed with incentives from partners and the Canadian government. Trudeau, Canada’s federal government and Ontario provincial government $3.6 billion He stated that he could provide support.
With this move, Honda wants to accelerate the fight for seats in the electric vehicle world. Honda CEO Toshihiro Mibe, “We need to make more accessible electric vehicles,” He stated that they want to take firm steps towards the goal of producing cost-effective and new generation batteries.
So, why are such steps by automobile giants like Honda important for us? The problem is that electric vehicles directly warm the planet compared to traditional gasoline vehicles. does not produce pollution, so every new electric vehicle is a win for our planet. In addition, increased competition will reduce costs as always, which will benefit the consumer.
The company will have all of its North American sales by 2040. battery-electric or fuel cell-electric He is determined to achieve his goal of making vehicles. What do you think? What does this bold step by Honda mean for the future of electric vehicles? You can write your thoughts in the comments section below.