GHG Emissions, Sourcing Renewables - April 26, 2021
Honda aims for all-EVs by 2040, carbon neutrality by 2050
Honda announced on April 23 that battery-electric and fuel cell electric vehicles will comprise 100% of its vehicle sales by 2040. Further, the company is formalizing a goal to reach carbon neutrality for all products and corporate activities by 2050.
Plans for EVs include the launch of a new series of models that adopt e-Architecture, a new EV platform that will first be introduced in North America. A statement from Honda notes that “Due to regional differences such as the level of customer acceptance, readiness of infrastructure and availability of renewable energy, it is difficult to adopt a singular approach to the popularization of electrified vehicles globally. In all major markets for electrification, Honda will strive to increase the ratio of battery-electric (EV) and fuel cell electric (FCV) vehicles within overall unit sales combined to 40% by 2030, to 80% by 2035, and then to 100% globally by 2040.”
In addition to advances in battery and fuel cell technology, Honda will also promote the use of hydrogen in addition to electricity in order to expand its use of renewable energy. According to the statement, “Honda will strive to realize a "multi-pathway of energy" which is a concept of utilizing a wide variety of energy sources including carbon-neutral fuels that will be effective in all areas, including areas where application of electrification is difficult, such as with aircraft.”
With a goal to supply operations with 100% renewable energy, Honda has already signed long-term VPPAs for wind and solar to cover more than 60% of its North American electricity load. These agreements will combine for an output of 320 MW of renewable generation capacity and the purchase of 1.012 million MWh of electricity per year