Thecompany aims for all its sales to be zero-emissions electrified vehicles by 2040. The projected ramp-up to this goal is 40 percent of sales by 2030 and 80 percent by 2035. To accomplish this goal, Honda has formed a couple of major partnerships and committed to investing $40 billion in EV research and development, including engineering solid-state batteries.
Honda announced that they had formed a joint venture with LG Energy Solution to produce lithium-ion batteries in the U.S. for upcoming Acura and Honda models. It plans to invest $3.5 billion in the new battery plant in Ohio.
In addition, Honda formed a joint venture with Sony to produce battery electric vehicles together under the brand Afeela. The first prototype, shown at CES in January 2023, features electronics galore, including 45 cameras and sensors. It previews a production model. Sony Honda Mobility announced that orders would begin in 2025, with deliveries scheduled for 2026.
BMW got into the EV game relatively early with its i3, an electric city car that has had limited success in the U.S. since becoming available at dealerships here for the 2014 model year. It was joined by the rather exotic i8 sports car.
Since that first electric wave, the automaker has steadily introduced new production models, including the i4 and iX SUV. Plus it has announced plans to introduce electric versions of the 5 Series and the X1 SUV. In all, BMW says it will bring roughly a dozen new EVs to market by 2025. Mini and Rolls-Royce also fall under the BMW umbrella; a Mini Cooper electric model is already available, and an electric Rolls-Royce Spectre is coming in 2023.
To further its electric ambitions, the automaker has split operations between electric (Model e division) and internal combustion engine (Blue division). These new organizations will work together but operate as distinct businesses starting in 2023. By being singularly focused, Model e is expected to accelerate electric vehicle development.
Ford says it will produce more than 2 million EVs annually by 2026 and projects that EVs will be half of its global sales volume by 2030. The automaker also says that half the global sales of its Lincoln luxury brand will be zero-emissions models by the middle of this decade and that it will electrify the entire portfolio of vehicles by 2030.
GM aims to have 20 EVs available in the U.S. by 2025 as it moves to an all-electric model lineup by 2035. The GMC Hummer EV will be followed by the Cadillac Lyriq SUV and Celestiq sedan; Chevrolet Blazer EV, Equinox EV, Silverado EV; and GMC Sierra EV. In addition, the Chevrolet Corvette will be offered as a hybrid in 2023, with an all-electric version to follow. Beyond the power boost from electricity, the Corvette will be all-wheel drive for the first time. Buick will launch its first electric vehicle in 2024, as it charges ahead to offer an all-electric product portfolio by the end of the decade. The first electric Buick will wear a classic moniker: Electra.
Hyundai already has the Kona Electric and the Ioniq Electric models on the market, and it has launched the first of three planned models in its all-electric Ioniq sub-brand, the Ioniq 5 SUV. Going a step further, Hyundai has committed to becoming carbon-neutral by 2045. And a key part of its electrification strategy is hydrogen. It announced that a next-generation fuel-cell system in 100-kilowatt and 200-kW variations will launch in 2023. Costs for this system are 50 percent less than the current fuel cell, and it requires 30 percent less space. The stated goal is for its fuel-cell vehicles to be priced similarly to battery electric vehicles by 2030.
Plus, its luxury brand Genesis launched its first electric vehicle, the GV60, based on a platform shared with the Hyundai Ioniq 5 and Kia EV6. Product rollout continues with the Genesis Electrified GV70 SUV and second-generation Kia Niro.
The company has committed to all its new vehicles being purely electric starting from 2025 with fuel-cell EVs and battery EVs, with the goal of being a 100 percent zero-emission vehicle brand by 2030 and carbon-neutral by 2035. In March 2022, HMC announced that it targets selling 1.87 million battery electric vehicles annually by 2030, worldwide. To achieve this goal, the automaker has pledged to introduce 17 new models by then, with 11 for the Hyundai brand and six for Genesis.
The storied English brands Jaguar and Land Rover have been a subsidiary of Tata Motors, an Indian multinational firm, since 2008. The Jaguar side of the company has already made waves with its Tesla-fighting electric SUV, the I-Pace, and the company says the Land Rover side will have its first EV model by 2024. (Learn about the 2023 Land Rover Range Rover Sport.)
The company announced that all Jaguar and Land Rover models will have an electric version by the end of the decade, with six new electric Land Rover SUVs over the next five years and an all-electric Jaguar lineup by 2025.
Following its corporate partners Hyundai and Genesis, Kia has announced a road map for its electric vehicle plans. The big target is 1.2 million annual battery electric vehicle sales worldwide by 2030. Key to achieving that goal is increasing its EV lineup to 14 electric models by 2027.
Mercedes has launched the EQS, an electric version of its opulent flagship S-Class sedan, and it has unveiled the EQS SUV, which goes on sale in late 2022. Looking ahead, Mercedes-Benz Vans announced a partnership with Rivian to collaborate on van production.
Mitsubishi has a limited presence in North America. But it has been partly owned by Nissan since 2016 and has access to significant technical resources through the Renault-Nissan-Mitsubishi Alliance. Mitsubishi introduced the short-lived i-MiEV, a small electric hatchback, around the same time as the Nissan Leaf dawned, and currently has plug-in hybrid models in the U.S.
The company announced plans to expand its electrified (hybrid, plug-in hybrid, and EV) lineup to 50 percent of its global sales by 2030, then on to 100 percent electrified by 2035. It stated that it will work in collaboration with its corporate alliance partners to achieve these goals.
The automaker has announced that it will invest about $18 billion into electrification and launch 23 electrified models, including 15 EVs, worldwide, by 2030. It forecasts that by then, 40 percent of its sales in the U.S. will be EVs. Nissan said its goal is to be carbon-neutral across the life cycle of all its vehicles by 2050.
In early 2021, the auto manufacturer formerly known as Fiat Chrysler Automobiles merged with Groupe PSA, the company that houses the French Peugeot and Citron brands, to become Stellantis. In North America, Stellantis includes the Alfa Romeo, Chrysler, Dodge, Fiat, Jeep, Maserati, and Ram truck brands.
Stellantis announced a major worldwide EV initiative in July 2021, declaring that all its brands are committed to offering fully electric vehicles. Key to this is the introduction of four electric platforms, with ranges from 300 to 500 miles.
In the U.S., the company known for its Hemi V8 engines aims to have its first battery electric vehicle by 2025 and to have an all-electric lineup by 2028. Stellantis said it expects battery costs to drop significantly over the next few years, helping it with the ambitious transition. By 2024, it expects to have two battery technologies in place (a high-density option and a nickel cobalt-free version), with solid-state batteries available by 2026.
Among the product plans, Jeep aims to introduce four all-electric vehicles by 2025, and it plans to offer 4xe plug-in models by then across the entire portfolio. (The automaker says the Wrangler 4xe is the best-selling plug-in hybrid in America.) The automaker projects that half of its sales in the U.S. will be battery-electric vehicles by 2030. Showcasing its future plans, Jeep has shown the Recon and Wagoneer S concepts.
Ram plans to launch a full-sized electric pickup truck in 2024, dubbed 1500 REV. It was previewed by the Ram 1500 Revolution BEV concept, which showcased several notable convenience features, such as the ability to stow pass-through items that stretch up to 18-feet long due to a folding midgate separating the cabin from the bed; third-row jump seat; four-wheel steering; and Shadow Mode, the ability for the truck to independently follow the driver walking. However, details on the production model, which looks quite different than the concept, have not been released yet.
The Tesla Cybertruck rocked the automotive world when the prototype was unveiled in November 2019. It boasts big numbers, with sports-carlike acceleration, a heavy-duty truck-grade tow capacity, and a 500-mile range. Deliveries are now expected in 2023. After that, Tesla plans to roll out its Semi tractor-trailer truck followed by its next-generation Roadster. A bit of a misnomer, the Roadster is a four-seater with a snug back seat and a partly retractable hardtop. It uses three motors powering all wheels to deliver its claimed rocketlike acceleration, with the automaker citing 0 to 60 mph in 1.9 seconds. And it will offer 620 miles of range.
Along with its luxury division, Lexus, Toyota has been building cars and SUVs with hybrid powertrains for decades now. In 20 years of Prius production, Toyota has sold more than 6 million of the utilitarian hybrids, which are known for their efficiency and reliability.
The new product wave was kicked off with the Volkswagen ID.4, a small electric SUV aimed at mass-market consumers that is now produced in the U.S. The automaker is preparing to launch the long-anticipated ID.Buzz electric van. Audi has the E-Tron and E-Tron GT, which is built on the same platform as the equally fetching Porsche Taycan EV.
Next up for Volkswagen is the ID.7 electric sedan, shown above in special camouflage, ahead of the reveal for the production version in spring 2023. It is based on the MEB architecture shared with other recent Volkswagen EVs.
Volkswagen announced in May 2022 that it will develop an all-electric SUV and pickup truck for the U.S. market under the Scout brand name. A prototype will be shown in 2023, with production scheduled to start in 2026.
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