Honda to invest $3bn in quest to sell 4m electric motorbikes a year

TOKYO — Honda Motor wants to sell 4 million electric motorbikes a year by 2030 and will invest 500 billion yen ($3.3 billion) by 2030 to rapidly launch new models, the world’s top maker of two-wheelers said Wednesday.

Honda said it will build specialized factories and keep prices affordable to meet that goal, which is 500,000 units higher than the target it announced in September last year. The new goal is equivalent to a thirtyfold increase from the 130,000 electric bikes it sold in 2022. Honda aims to have about 30 models by 2030.

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