Honda Bets on Hybrids and Electric Cars to Reach 2030 Goals

Honda plans to double its hybrid car sales to 1.3 million per year by 2030, while also producing over 2 million fully electric vehicles annually by the same year. The strategy reflects Honda's view that the shift to electric cars will take longer than some competitors expect, making hybrids — which use both gas and electric power — a profitable middle ground during the transition.