Other auto manufacturers are focuses on these new forms of mobility. Volkswagen is ramping up their production of their first electric vehicles and Toyota is preparing to launch ten electric cars during the 2020s. Whereas Honda believes that their hybrid vehicles will be their main focus when it comes to reducing pollution.
While discussing the industry in a recent interview, Hachigo stated, "I don't believe [EVs] will become mainstream anytime soon."
He doesn't think that there will be a sharp increase of electric vehicles since there are issues with both hardware and overall infrastructure. Honda will keep investing into electric vehicles despite the reservations thanks to the relaxed development regulations in China and Europe.
He still believes in reducing Honda's carbon emissions instead of developing electric cars just to start producing them.
Recently, the company introduced their electric car, the Honda E, for European and Japanese markets.
For mass markets, Honda is focused on their hybrid vehicle focus. The newest Honda Accord will now be available as a 1.5-liter turbo and a 2.0-liter hybrid.
In Europe, Honda is also still committed to converting their entire series of cars over to electric by 2022 and their Jazz car will be their only hybrid on the market in the region.
As for the market within the United States, Honda will be offering hybrid versions of the Accord, Insight, and CR-V. The company also aims to offer plug-in hybrid cars, electric vehicles, and hydrogen fueled vehicles.
Electric vehicles aren't the only form of mobility that CEO Hachigo is cautious about, he doesn't that autonomous technology is worth betting the company on. Honda has already developed technology for self-steering and autonomous lane-changing, but currently hasn't found the best way to bring them into the market.
"You have to think about what the social demand is and what legal environment we have to operate in," Hachigo said. "Now is the time for us to ponder how we can introduce these services to the market."
Despite several years of investment from several companies into the future of self-driving technologies and vehicles, these companies have started pumping the brakes on their outlooks.
For example Cruise, General Motor's autonomous car unit that Honda has invested $2 billion into, recently announced that they will delay the launch of their autonomous taxis which was originally slated to start at the beginning of 2019.