EV production should account for about 40 to 50 percent of Honda's total output in North America in 2030, or around 800,000 battery-electric vehicles.
Toshihiro Mibe is starting a radical revolution that includes rockets, partners and an end to combustion engines.
The automaker is making up for lost time in its newest EV spending plan. But it's still playing it safe on its long-range outlook.
Global executives foresee a major shift to online auto sales by 2030, with a steep rise in automaker direct-to-consumer sales.