Comment Re:They have no choice (Score 1) 125
Numerous US states are going to ban new ICE sales , eg california by 2035. Ditto in the EU and UK also by 2035.
If it wasn't for the political intervention EVs would still be a very niche purchase and Tesla wouldn't be anything like the size of the company it is now.
You can argue whether its good or bad but its the way it is now.
You're being modded down because someone disagrees with you politically, but at its root, Honda's decision to build these factories IS an inherently political one. EV adoption is largely being driven by mandate, not by choice. Honda is making a calculated gamble: that the mandates will stay in place, and people will HAVE to buy an EV one day. This will make EV's profitable eventually... as long as the mandates stay in place.
Time will tell if this pays off for them.