Climate Policy Engagement: Honda Motor receives a grade of D+ in InfluenceMap’s assessment of corporate engagement on climate change policy, indicating mixed to negative engagement.
Forecasted 2029 Production: Data from S&P Global Mobility forecasts that by 2029 38% of Honda’s production will be battery electric vehicles (BEVs), alongside 1% plug-in hybrids (PHEVs), 47% ICE (internal combustion engine) vehicles, 14% hybrids and 0% fuel cell electric vehicles (FCEVs).
This compares negatively to the IEA’s 1.5°C scenario, which estimates that 57.5% of all globally produced cars must be either BEV or FCEV by 2030 to meet the 1.5°C global temperature goal.
The graphic below compares the company’s climate policy engagement score with the company’s forecasted percentage production of zero-emission vehicles by 2029 (independent analysis of S&P Global Mobility data). The bubble size represents the relative proportion of vehicle production compared to other major global automakers.
Climate Lobbying Overview: Honda has been engaging with climate regulations in the US, UK, and Japan with mixed to negative positions in 2021-22. While the company generally appears to have positive top-line statements on climate policy, it has strongly opposed legislation that explicitly favors battery electric vehicles (BEVs) over hybrid vehicles, including opposing multiple ZEV mandates. Honda also retains memberships to numerous obstructive trade associations.
The full climate policy engagement profile of Honda Motor is available here.
Internal decarbonization targets: Honda has set a target of achieving carbon neutrality for "for all products and corporate activities Honda is involved in by 2050." Honda has set a target of achieving 100% battery electric vehicle and fuel cell vehicle sales by 2040, with interim targets of 40% by 2030 and 80% by 2035, and to 100% globally by 2040. It will aim to electrify 100% of automobile unit sales in Japan by 2030 including hybrid vehicles. Honda has also announced that it will completely phase out sales of gasoline-powered cars globally by 2040. In April 2022 Honda further announced it will invest 5 trillion yen ($39.91 billion) over the next 10 years in electrification and software, including 30 full electric vehicles globally and production capacity for 2 million EVs annually by 2030.
The vehicle production data for Honda Motor can be filtered by region using the dropdown below
Honda’s forecasted fleet composition by technology: In 2029, 21% of Honda’s production is forecast to be battery electric vehicles, compared to 0% in 2021. This increases from 0% in 2021 to 3% in 2029 for plug-in hybrids (PHEVs), and 13% to 50% for other hybrids. For ICE vehicles, this decreases from 86% in 2021 to 26% in 2029. This is in contrast to the IEA’s 1.5°C road transport scenario, which requires 57.5% of all light-duty vehicle sales in 2030 to be either BEV or FCEV to decarbonize road transport in line with the Paris Agreement’s 1.5°C goals.
The ‘Vehicle Technology’ graph below outlines the previous and forecasted technology of vehicles produced by Honda from 2021-2029 using independent analysis of S&P Global Mobility data.
Honda’s forecasted vehicle size: The proportion of SUVs produced by Honda in its entire fleet is estimated to increase from 46% to 48% between 2021-2029, while the proportion of large vehicles will likely decrease from 18% to 16%. Small vehicles are likely to decrease from 20% to 18%, while medium vehicles are projected to increase from 14% to 17% between 2021-2029. The AR6 WGIII report found that vehicle size plays a major role in determining vehicle emissions, with larger vehicles a significant driver of increased emissions.
The ‘Vehicle Size’ graph below outlines the previous and forecasted future size of vehicles produced by Honda from 2021-2029 using independent analysis of S&P Global Mobility data.
Honda's zero-emission production & the IEA's 1.5°C scenario: Production data for Honda in 2029 forecasts that only 21% of all its vehicles will be battery-electric vehicles (BEVs), and 0% fuel cell electric vehicles (FCEVs). This compares negatively to the IEA’s 1.5°C scenario for road transport, which assumes 57.5% of all light-duty vehicle sales in 2030 will need to be zero-emission vehicles (BEVs or FCEVs) to reach global net-zero by 2050.
The below graph compares automakers’ previous and forecasted production of zero-emission vehicles (BEVs and FCEVs), with the trend line extrapolated from the IEA’s 1.5°C scenario for road transport in 2030.
The 'Fleet ZEV' graph below provides a simplified model of the companies’ current and future emissions based on combining EU vehicle emissions data with forecasted light-duty vehicle production data supplied by IHS, broken down by manufacturer, vehicle size, and technology type.
This model is not a definitive prediction of future emissions values for major vehicle manufacturers, but an estimation of future tailpipe emissions made using the best available emissions data. Future real-world emissions will likely vary depending on region, as well as granular differences between different vehicles that are not captured by the model. Additionally, as the model uses EU data, where produced cars typically have amongst the lowest CO2 emissions globally, it likely provides an underestimate of current and future CO2 emissions per manufacturer. Full details are available in the methodology.
The vehicle emissions data for Honda Motor, can be filtered by region using the dropdown below
The 'Fleet Efficiency' graph below provides a simplified model of the companies’ current and future emissions based on combining EU vehicle emissions data with forecasted light-duty vehicle production data supplied by IHS. The three lines represent the estimated lab emissions (modeled on EU testing data) and estimated real-world emissions (based on research from the ICCT) for the company, alongside the green line, representing the IEA's well below 2°C pathway in their Sustainable Development Scenario (SDS) for road transport
The graph below compares the simplified emissions model data for the company from 2021-29, with other model data for other major global automakers.