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    FRANK LEO & ASSOCIATES

    #1 RE/MAX TEAM IN TORONTO & THE GTA**
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    Changing Direction, Honda to Start Building Its Own Electric Vehicles

    Despite General Motors scheduled to build the first two fully electric vehicles for Honda in North America, the company plans to start manufacturing them on its own later this decade. The Japanese automaker says they are in the process of developing their own EV architecture. Honda of America Executive Vice President Dave Gardner said, “It’s absolutely our intention to produce in our factories… We absolutely intend to utilize that resource.”

    GM and Honda have helped eachother and became partners on hydrogen fuel cells and electric vehicles. At the beginning of the year, they announced that GM would manufacture one Honda SUV and one Acura SUV using their Ultium-branded electric vehicle architecture and battery system. The SUVs will have bodies, interior, and driving characteristics designed by Honda.

    One of the SUVs will be named Prologue and Gardner expects sales to be between 40,000 and 150,000 per year. Honda said in April that by 2040, it will phase out all of its gasoline-powered vehicles in North America. On top of that Honda wants 40 per cent of North American vehicle sales to be battery or fuel cell-powered by 2030.

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