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| Honda's Fit EV showcased in Japan on Monday |
Honda has announced that the company is studying the possibility and viability of electric vehicles in China. It is the latest in a series of Japanese automakers, Nissan and Toyota to study potential demand for EVs in China. Honda is considering initiating an EV testing program in China as well as the US and Japan. Honda's CEO thinks the chances are good in China for EVs long-term viability. However Honda is still being cautious about the prospects of these EVs because the costs of making vehicles that run on electricity only are still very high.
Electric vehicles are expected to account for only around 1-2% of 2020 global vehicle sales.
Honda will be using its Accord EV and Fit EV for these testing programs and will depend on the environmental policies that different Chinese governments will adopt to encourage these purchasing of these EVs.
