Honda Targeting 70,000 Annual Electric Vehicles Sales in the Unites States From 2024

Japan based manufacturer of motorcycles and automobiles Honda Motor Co. (TYO: 7267) says that it’s 70,000 annual sales of electric Prologue sport utility vehicle in the United States starting from 2024.

The sport utility electric vehicle by Honda is set to hit the market on 2024. In addition, the company said it plans to have sold 500,000 electric vehicles in the United States by 2030.

Honda is also looking forward to achieve 100% zero emissions vehicles sales in North America by the year 2040.

This announcement comes barely a month after U.S President Joe Biden signed a bill setting a target to make 50% of all new passenger vehicles sold in 2030 zero-emissions vehicles.

The Honda Prologue is being developed in partnership with U.S based auto manufacturer General Motors Co. (GM). The partnership is based on General Motor’s Ultium platform, a modular platform and battery system.

The two companies are also working together to co-develop an electric Acura-brand sports utility vehicle.

Our strategy is focused on introducing a higher percentage of hybrids in core models in the near term, making a committed effort to achieve higher volume leading to the introduction of our Honda Prologue,” said Honda’s American executive vice president of national operations, Dave Gardener.

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