Honda Its CEO, Toshihiro Mibe, is relying on new battery technology to develop affordable electric versions of its smaller cars. But before this happens Japanese automaker to help cover production costs plans to sell larger and more expensive electric vehicles (EVs) for
As the industry is transitioning faster than traditional cars and trucks, Honda is trying to catch up with competitors leading the electric vehicle race.
One of the biggest challenges facing automakers in the EV industry is moving the production of EVs away from gas-powered cars. 40% more expensive high battery costs. Honda hopes that a different technology will eventually help lower these costs and make EVs more accessible.
Lithium, the current industry standard ion batteries, electricity cathode and anode It uses a liquid electrolyte to transmit between In contrast, solid-state batteries reduce the size and cost of the battery by replacing this liquid with more stable materials such as ceramics.
Honda has joined the race to develop solid-state batteries, but lags behind better-resourced peers like Toyota and Nissan. Other automakers like General Motors and Ford also have solid ambitions.