Honda wants to eliminate all of its gasoline vehicles in North America by 2040

Japanese automaker Honda announced on Friday that it plans to eliminate all gasoline-powered vehicles in North America by 2040, making it the most recent major automaker to set a carbon neutral target.

The announcement came as leaders of the world’s major economies gathered President Joe Biden Climate Summit.

The company expects 40% of total sales in North America to be battery or hydrogen fuel cell vehicles by 2030, and 80% of vehicles sold by 2035 will be electric or fuel cell, said Honda CEO Toshihiro Mibe.

As part of Honda’s plan, the company will have a new electric vehicle platform called e: Architecture, but the vehicle manufacturer did not provide details. The company said it will deploy these vehicles in the second half of this decade.

Honda said most of its development will focus on battery-electric vehicles, but will also allocate resources to develop hydrogen fuel cell vehicles that will work with General Motors (GM).

GM has set a goal of building a high percentage of vehicles that will generate electricity by 2035, and the entire carbon neutral company, including operations five years later.

Honda plans to sell only electric or fuel cell vehicles in China and Japan by 2040.