Honda will unveil several electric models in a matter of months
Consumers are looking for ways to save money as fuel prices rise to record highs and inflation reaches 8.5 percent.
So many people have bought or tried to buy electric vehicles and the market for used EVs has seen a growing demand for limited supply.
The market is very competitive right now and used Teslas are also selling at their actual selling price as more and more people are looking to avoid a growing warming economy.
Older models from major automakers are also available at leading car dealership sites such as Carvana. Although there are some options, most of them are not in the same category as Tesla or the new Ford EV.
While EVs had a small share of the market only a few years ago, interest in them has increased by 70 per cent since January 2022, raising prices by 25 per cent since a year ago and making the EV sector even more profitable.
On April 11, Honda announced that it would launch 30 new EV models and deliver them to customers through a simplified production process, with a goal of producing over two million EVs a year.
They include a small car and two SUVs that are the consequences of the standard lithium battery used in most EVs and are much faster to charge, focusing on lighter, longer range solid-state batteries.
To reach its goal, Honda said it would invest $ 40 billion
After hybridizing hybrids in response to making eco-friendly cars, enter the race for EV dominance.
With the development of even better technology, that approach lags behind and almost disappears.