Perhaps there is nothing more stressful for Americans right now than going to the gas station.
For those who have already invested in electric vehicles, inflation-driven fuel costs are not an issue (although electric car owners certainly have a few other issues).
But many feeling the crisis are looking to electric cars as a potential long-term solution to their problems.
And while buyers’ growing interest in electric cars is nothing new, Tesla (TSLA) – Get the Tesla Inc. report. It was definitely a prominent name in the market when people started taking it seriously. This gave Tesla a problem of sorts, as their cars quickly became so popular that they were selling them.
Rising interest means other companies need to step in and compete. Today Toyota (tide) Volkswagen (VWAGY) – Get Volkswagen AG’s ADR ReportFord (F) – Get a Ford Motor Company report They are just a few of the older automakers that offer all-electric models.
The boom has also taken new players out of the woodwork as well, such as Tesla competitor Rivian (countryside) – Get Rivian Automotive Inc.’s report.which went public in November 2021, Netherlands-based Lightyear, and Swedish manufacturer Polestar.
And now, another respected maker with a long history of making good cars is joining the fray in a whole new way. But if you’re hoping to buy one of her new cars, you’ll need to be patient, as she won’t be coming for quite some time.
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Honda (HNDAF) Not new to the electric vehicle market, it spawned its first try on an electric vehicle in 1997 with the Fit EV-Plus, or Honda EV Plus, as it’s more commonly known.
It later went on to produce an electric version of the Honda Fit hatchback in 2012, the space-age-inspired MC in 2014, and the Clarity Electric in 2016.
It’s also offered a hybrid EV option over the years through Honda Insight. And if you’re lucky enough to be in one of the markets where it’s being sold, there’s also the Honda E, a small, elegant all-electric car with some first-generation Civic vibes in the design.
What is new for Honda, however, is this partnership, which is aimed specifically at making “high value-added” electric cars. It has been announced that it will join forces with Sony to produce a new type of electric car company, which will be called Sony Honda Mobility Inc.
“The new company aims to combine Honda’s advanced environmental and safety technologies, mobility development capabilities, vehicle body fabrication technology and after-sales service management experience, with Sony’s expertise in developing and applying imaging, sensing, communications, networking and entertainment technologies, to achieve a new generation of mobility and services for mobility. which are closely aligned with users and the environment, and continue to evolve in the future,” reads the press release.
The new company will be set up this year following regulatory approvals and aims to have electric vehicles ready for sale by 2025. Not a great solution if you’re looking for one to buy ASAP, but probably ideal if you’re a Honda fan or have enjoyed EV efforts previous.