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BUSINESS INFORMATION - Honda Motor Co., Japan, plan to market electric vehicles in the United States early decades to meet the increasing demand for environmentally friendly cars there, a newspaper reported Saturday.
AFP reported that the Honda, which at this time to focus on the hybrid vehicle, at least at this time to develop a prototype electric vehicle that will be launched at the "Tokyo Motor Show" in October, the Nikkei business daily said.
Step after domestic competitors - Toyota Motor Corp. and Nissan Motor Co. - announced a similar plan, with the market for electric vehicles is estimated to grow first in the United States prior to spread to Japan and Europe.
The government has said the United States, will provide low interest loans amounted to about eight billion U.S. dollars to support the production of environmentally friendly vehicles such as electric cars.
In Japan, Mitsubishi Motors Corp. and Fuji Heavy Industries Ltd, the company behind the Subaru brand, recently began marketing electric vehicles.
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