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Honda to phase out gas-powered cars in North America by 2040

Published  April 23, 2021 8:29pm EDT
News
Associated Press

2020 saw biggest carbon emission drop amid COVID 19 pandemic

New calculations show the global carbon dioxide emissions plunged 7% in 2020 because of the pandemic lockdowns.

NEW YORK - Japanese automaker Honda said Friday that it plans to phase out all of its gasoline-powered vehicles in North America by 2040, making it the latest major automaker with a goal of becoming carbon neutral.

The announcement came as leaders of the major global economies met for President Joe Biden's climate summit. Biden has an ambitious goal of slashing America’s greenhouse gas emissions in half by 2030.

Honda CEO Toshihiro Mibe said the company expects that 40% of all of its North American vehicle sales will be battery or fuel-cell powered by 2030, and 80% of all vehicles sold will be battery-electric or fuel-cell powered by 2035.

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Delta said the money would go into things such as boosting fuel efficiency and investing in efforts to remove carbon from the atmosphere by planting trees and restoring wetlands.

Part of Honda’s plan involves a new electric-vehicle platform the company is calling e:Architecture, but did not provide specifics. These vehicles will roll out in the second half of this decade, the company said.

RELATED: 12 governors urge Biden to back phasing out gas-powered vehicle sales in US by 2035

Most of the Honda's development will go toward battery-powered electric vehicles, but the company said it will also put resources into developing hydrogen-powered fuel cell vehicles, in collaboration with General Motors. GM has set a goal of making the vast majority of the vehicles it produces electric by 2035, and the entire company carbon neutral, including operations, five years after that.

Honda also plans to be selling electric or fuel-cell vehicles entirely in China and Japan by 2040.