Honda Motor Co is reportedly contemplating the construction of an electric vehicle (EV) plant in Canada as part of a project estimated at nearly 2 trillion yen ($13.83 billion), with the possibility of including battery production in-house, according to Japan's Nikkei news group. This potential endeavor could mark one of Honda's most significant investments. However, Honda refrained from commenting on the report, citing an inability to disclose information at the moment. The company has been relatively slow in embracing electric vehicle sales compared to other automakers. The Office of Canada's Industry Minister responded to Reuters, noting that the reports on Honda's interest in a substantial investment in Canada reflect positively on the country's workforce quality and industrial strength. The spokesperson emphasized Canada's growing reputation as an environmentally conscious supplier and a leader in the global electric vehicle market. Despite Honda's global sales of approximately 2.8 million cars in the first nine months of 2023, electric vehicles accounted for less than 0.5% of its total sales.
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