• Japan’s Honda Motor will end its participation as an engine supplier within the FIA Formula One World Championship at the top of the 2021 season to specialize in zero-emission technology.
• the choice was made at the top of September and therefore the company doesn’t shall return to F1, Chief Executive Takahiro Hachigo said in a web press conference .
• “This isn’t a results of the coronavirus pandemic but due to our longer-term carbon-free goal,” he said.
• Like other automakers, Honda is rushing to create new-energy vehicles during a n industry shift that Hachigo described as “once in a century”. That race is accelerating amid the coronavirus outbreak as carmakers review
production plans to capture market share with new models including low or zero-emission vehicles.
• Honda, which returned to F1 in 2015 and last year began in supplying engines to the Red Bull Racing team, said it’ll divert the resources it wont to build F1 engines towards efforts to accelerate development of zero-emission technologies like fuel cells and batteries.
• Honda is launching its first mass-produced all-battery car this month – the Honda e – and has announced plans for 2 thirds of the company’s output to be new-energy vehicles by 2030.
• Domestic rival Toyota Motor Corp last week said it expects annual sales of electrical vehicles to succeed in 5.5 million in 2025, five years before initially planned.