Honda To Launch Its Battery-Sharing Service For Electric Rickshaws In India

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Japanese automaker Honda announced that it will launch its India-based battery-sharing service for electric rickshaws by the end of this year. It also plans to develop a strategy to bring electric two-wheelers to India in the future. As part of its strategy to achieve carbon neutrality in all its corporate activities and products by 2050, Honda will launch flex-fuel bike models in India by 2023.

Honda stated that it plans to increase the annual sales of electric models by one million units in five years and 3.5 million units by 2030. This is equivalent to 15% of total unit sales. According to Honda, there are approximately 50 million electric motorcycles on the market. Most of these are Electric Mopeds and electric bicycles in Chinese.

The market is expanding slowly in other countries. According to the company, India is seeing a dramatic increase in sales of EVs (high-speed electric two-wheelers), as well as EMs that are affordable and convenient. This is due to government policies to encourage carbon neutrality. Honda plans to introduce electric motorcycles that can accommodate a wide variety of customer needs in anticipation of such market expansion. The company stated that Honda plans to launch its India battery-sharing service for electric tricycle taxis (rickshaws) before the end of the year. It plans to expand its efforts to promote battery sharing to other Asian countries. It plans to expand its efforts to promote battery sharing to other Asian countries.

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Honda also stated that it is working towards standardization of swappable batteries. It participates in a European battery consortium and works with an Indian partner company to facilitate the standardization of swappable cells. Honda stated that it is part of the Swappable Batteries Motorcycle Consortium, which was established to promote the widespread adoption of small-sized electric mobility products and motorcycles.

Honda also stated that it will continue to work on internal combustion engine vehicles to achieve carbon neutrality and to accommodate the many customer needs and unique motorcycle usage environments. Honda stated that it continues to work on initiatives to reduce CO2 emissions from ICE-based models and is currently developing models compatible with carbon-neutral fuels like petrol-ethanol blends.

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