Honda sold 222,049 vehicles in the United States during the September quarter, a 36% decrease from the previous year, as supply chain issues caused by a shortage of semiconductor chips contributed to decreased output. According to Cox Automotive research, Honda’s overall market share will be 6.5% in 2022, down from more than 10% in 2021.
Honda’s shift toward electric cars is critical for the carmaker to catch up with rivals and fulfil the rising demand for electric vehicles. Honda will have the resources and structure to swiftly develop and execute its electrification plan with the formation of the EV division and the unification of regional operations. Honda is positioned itself to dominate the EV industry with the introduction of the Afeela and plans for 30 EV cars by 2022.
