RateCaptain
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
  • Contact Us
No Result
View All Result
Subscribe
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
  • Contact Us
No Result
View All Result
RateCaptain
No Result
View All Result
Home

Honda Declares All Sales Will Be Electric Vehicles by 2040

Rate Captain by Rate Captain
April 23, 2021
in Business
Reading Time: 1 min read
A A
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Honda Motor Car set what it called a challenging target for all of its sales to be electric vehicles by 2040 as it tries to keep up with the global EV race and revive profits under the new leadership of Toshihiro Mibe.

The Japanese company also said it will invest about 5 trillion yen ($46 billion) in research and development over the next six years, “regardless of fluctuations in our sales revenue.”

AlsoRead

Nigerian Small Businesses Struggle as Petrol Price Hike Adds to Economic Woes.

What CBN’s Interest Rates Hikes Means for Nigerians

CBN revocation of Microfinance Bank Licenses Sends Shockwaves Through Nigeria’s Economy. Here’s how it affects you.

Automakers around the globe are rushing into the EV sector as the industry shifts to electrification and self-driving cars. Among them, Jaguar Land Rover has vowed to go fully electric by 2025, and Volvo by 2030. Japanese Prime Minister Yoshihide Suga pledged to cut greenhouse gas emissions by 46% by 2030 from 2013 ahead of the global climate summit hosted by U.S. President Joe Biden.

Honda’s new goals include EVs accounting for 40% of sales in North America and China by 2030 and 80% by 2035. It has a 20% goal for Japan by 2030 and 80% by 2035. Japan’s target is different because it is a huge consumer of hybrids, Mibe said. The carmaker wants to achieve an operating profit margin of 7% even as it shifts to EVs, he said.

Previous Post

Forex restriction: Nigeria spends $6.1bn yearly on wheat importation – WFAN

Next Post

Over $200 billion wiped off cryptocurrency market in a day as bitcoin plunges below $50,000

Related News

Nigerian Small Businesses Struggle as Petrol Price Hike Adds to Economic Woes.

Nigerian Small Businesses Struggle as Petrol Price Hike Adds to Economic Woes.

by Rate Captain
June 6, 2023
0

The recent removal of petrol subsidy and subsequent surge in petrol prices have dealt another blow to Nigeria's already beleaguered...

CBN Excludes NSPMC from Approved Cheque Printers.

What CBN’s Interest Rates Hikes Means for Nigerians

by Rate Captain
May 24, 2023
0

In a move to address the persistently high inflation rate and various economic challenges, the Central Bank of Nigeria (CBN)...

CBN Excludes NSPMC from Approved Cheque Printers.

CBN revocation of Microfinance Bank Licenses Sends Shockwaves Through Nigeria’s Economy. Here’s how it affects you.

by Rate Captain
May 25, 2023
0

Recently, the Central Bank of Nigeria (CBN) made a significant move by revoking the operating licenses of several microfinance banks,...

The Dangote Oil Refinery: Will it Alleviate Fuel Hikes or Exacerbate Them?

Nigeria’s Mega Refinery: A Game-Changer or Potential Disaster?

by Rate Captain
May 23, 2023
0

On May 22nd, 2023, President Buhari commissioned the Dangote Refinery in Lagos, marking a significant milestone for Nigeria and the...

Next Post

Over $200 billion wiped off cryptocurrency market in a day as bitcoin plunges below $50,000

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

DMO Announces Subscription Offering for Federal Government Savings Bonds.

DMO Announces Subscription Offering for Federal Government Savings Bonds.

June 6, 2023
Nigeria Agrees to Cut Crude Production for Global Oil Market Stability.

Nigeria Agrees to Cut Crude Production for Global Oil Market Stability.

June 6, 2023

Popular Story

  • Nigeria’s Leading Crypto Marketplace Patricia Suffers Severe Security Breach

    Nigeria’s Leading Crypto Marketplace Patricia Suffers Severe Security Breach

    0 shares
    Share 0 Tweet 0
  • CBN – FG incurred N930.8bn Fiscal Deficit in January and February 2023.

    0 shares
    Share 0 Tweet 0
  • Interpol, Kenya Government Probe Three Nigerian Fintech Tycoons over N128 Billion from Nigeria

    0 shares
    Share 0 Tweet 0
  • SEC Files Lawsuit Against Binance and CEO Changpeng Zhao for Alleged Regulatory Violations.

    0 shares
    Share 0 Tweet 0
  • Nigeria, South Africa, and Kenya Top African Countries in Facing Online Threats.

    0 shares
    Share 0 Tweet 0
RateCaptain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
?>