Honda Investing $1B in Canadian Plants as Part of Electrification Plan

Honda Motor Co. will invest a little much more than $1 billion into its services in Ontario, Canada as component of its electrification programs and drive for zero emissions by 2040.

The goal is to make the plants in Alliston, Ontario the “lead plant” in North The us for output of the 2023 CR-V Hybrid crossover, officials famous. Honda’s secured an added $103.7 million in authorities funds for the updates.

“This represents an critical milestone for Honda as we go forward in our ambitious vision to make battery electrical autos depict 100 for every cent of our North The united states automobile gross sales by 2040,” mentioned Jean Marc Leclerc, president and CEO of Honda Canada. 

“HCM is property to a group of remarkably gifted associates who construct some of Honda’s most well-known and gasoline-productive products and solutions. This financial commitment not only guarantees our product or service and production competitiveness within Ontario, Canada and overseas, but also appreciably bolsters our ongoing endeavours to reduce greenhouse fuel emissions to assist Canada achieve its overall local climate targets.” 

Force to zero emissions

Honda’s in general fleet emits the lowest greenhouse gasoline (GHG) emissions amid inside combustion engine brands in Canada, and new hybrid items will lessen GHGs by 30% as opposed to traditional gasoline run automobiles. 

The change to these new goods aligns with Canada’s over-all GHG reduction targets and Honda’s world-wide intention of noticing carbon neutrality for its full company, which include solutions and functions, by 2050. 

By retooling both of those production traces at HCM, Honda will protected countless numbers of effectively-paying, large-good quality employment in Alliston and all over Honda’s substantial Canadian provider network. Economical commitments will also see a range of improved position education initiatives and expanded inclusive using the services of practices, as very well as research and progress plans that even further lower environmental impacts of vehicle manufacturing. 

These investments will have a long lasting and profound benefit for the Honda Canada dealer network, partnering suppliers, and the in general Canadian auto sector, together with workforce, their family members, and the communities where they are living and function.