Honda Sees 70,000 Prologue US EV Sales In 2024: Reuters

Honda Motor Co Ltd's HMC U.S. unit is targeting initial annual sales of 70,000 for its planned Prologue electric sport utility vehicle launch in 2024, Reuters reports.
Honda is co-developing the Prologue and electric Acura-brand SUV with General Motors Co GM.
Honda aims to add additional EV models reaching 500,000 EV sales in the U.S. by 2030 and 100% zero-emission vehicles sales in North America by 2040.
Honda will introduce a series of EVs through 2030 based on its developed e-Architecture and assemble EVs at Honda plants in North America.
Honda will initially focus Prologue sales in California and other states like Texas and Florida. It looks to add hybrid-electric systems to more U.S. models.
Honda's plans align with President Joe Biden's target to convert 50% of the new passenger vehicles sold in 2030 to zero-emissions vehicles.
Price Action: HMC shares traded lower by 2.40% at $30.24 on the last check Monday.