Honda to phase out gas-powered cars by 2040 in North America

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FILE- This Feb. 14, 2019 file photo shows a Honda logo at the 2019 Pittsburgh International Auto Show in Pittsburgh. Honda has plans to sell two all-electric SUVs in the U.S. for the 2024 model year, and it soon will offer hybrid gas-electric versions of its top-selling models. The announcements Thursday, March 11, 2021 come as the automaker acknowledges it has work to do to comply with emissions-reduction targets that will be coming from the Biden administration, and a California ban on sales of new internal-combustion vehicles by 2035. (AP Photo/Gene J. Puskar, File)

NEW YORK (AP) — Japanese automaker Honda said Friday that it plans to phase out all of its gasoline-powered vehicles in North America by 2040, making it the latest major automaker with a goal of becoming carbon neutral.

The announcement came as leaders of the major global economies met for President Joe Biden’s climate summit. Biden has an ambitious goal of slashing America’s greenhouse gas emissions in half by 2030.

Honda CEO Toshihiro Mibe said the company expects that 40% of all of its North American vehicle sales will be battery or fuel-cell powered by 2030, and 80% of all vehicles sold will be battery-electric or fuel-cell powered by 2035.

Part of Honda’s plan involves a new electric-vehicle platform the company is calling e:Architecture, but did not provide specifics. These vehicles will roll out in the second half of this decade, the company said.

Most of the Honda’s development will go toward battery-powered electric vehicles, but the company said it will also put resources into developing hydrogen-powered fuel cell vehicles, in collaboration with General Motors. GM has set a goal of making the vast majority of the vehicles it produces electric by 2035, and the entire company carbon neutral, including operations, five years after that.

Honda also plans to be selling electric or fuel-cell vehicles entirely in China and Japan by 2040.

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