Honda plans to launch at least 10 all-electric motorcycles, including one for children, by 2025 as demand for business bicycles increases worldwide.
The world’s largest motorcycle manufacturer said on Tuesday it aims to sell 1 million electric motorcycles annually over the next five years. It announced a number of changes to its motorcycle range, including more models with interchangeable or fully solid-state batteries, towards its goal of becoming carbon neutral by 2050.
Honda said it expects electric motorcycles to make up 15% of its cycling business by 2030, boosted by growing demand in China, India and elsewhere in Asia. The updated lineup will include at least two electric commuter motorcycles and three larger models in Europe and Asia over the next three years.
The company did not provide details on the “Kids Fun EV” model, but said in a statement that it “is designed to pass the driving pleasure on to the next generation.”
The automaker also said it plans to shift its business model to a mix of hardware and recurring software sales, rather than relying solely on hardware. Starting with a commuter bike that will go on sale in 2024, Honda’s Drivemode software subsidiary will add features that provide charging notifications and calculate the optimal route based on remaining battery range.
Removable batteries are crucial to the growth of the e-bike industry, especially in emerging countries where range and charging time can be limited. Honda operates or plans to establish joint ventures with battery-sharing services in India, Japan, Indonesia and Bali.
Honda already supplies electric motorcycles for mail delivery in Japan, Vietnam and Thailand, where it is piloting Thailand Post Company Limited. The Honda e:Business Bike series models use the Honda Mobile Power Pack (MPP), a small interchangeable battery that stores electricity generated by renewable energy.
“Especially in emerging countries, there is a high demand for motorcycles, mainly commuter models, as the lifeblood of people in their daily lives,” the company said in a statement.