The Japanese electronics and entertainment giant Sony announced on Friday that it would team up with Honda to develop electric cars for sale as early …
The Japanese electronics and entertainment giant Sony announced on Friday that it would team up with Honda to develop electric cars for sale as early as 2025, becoming the latest company to throw its hat into the burgeoning market for battery-powered vehicles. Demand for electric cars is small but skyrocketing as concerns about climate change and tightening regulations on emissions push consumers into the market. But Japanese companies have lagged behind their competitors in developing the vehicles and are now scrambling to make up ground lost to fast-rising automakers like Tesla and traditional rivals like GM, which has pledged to go all-electric by 2035.
