Honda Projects 70,000 Prologue Ev Sales In 2024

Honda’s ($HMC@Japan) U.S. unit said it is targeting initial annual sales of 70,000 for its planned electric Prologue sport utility vehicle when it goes to market in 2024. Honda plans to add additional electric vehicle models as it aims to have sold a total of 500,000 electric vehicles in the United States by 2030. It also plans to achieve 100% zero-emission vehicle sales in North America by 2040. This comes as President Joe Biden signed an executive order last month setting a target to make half of all new passenger vehicles sold in 2030 zero-emissions vehicles. The Honda Prologue is being co-developed with General Motors ($GM@US) and is based on the automaker’s Ultium platform, a modular and battery system. Honda will initially focus Prologue sales on California and other states like Texas and Florida.