M’bishi Motors aims to electrify all cars sold globally by FY 2035
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Mitsubishi Motors Corp. said Friday it aims to electrify all of the cars it sells globally by fiscal 2035, expecting related investment to total more than 1.4 trillion yen ($10 billion) through fiscal 2030.
Mitsubishi Motors, which had previously set a 50 percent electrification target for its cars by fiscal 2030, is the latest Japanese automaker to accelerate a shift away from gas-powered vehicles amid intensifying competition worldwide.
“We will push ahead with electrification. We will introduce new technologies to achieve carbon neutrality,” Mitsubishi Motors President Takao Kato told a pre...