Honda Motor verified this week it will begin product sales of its recently-unveiled “Honda e” in Japan at the conclusion of Oct, as aspect of a broader technique to “electrify” a large aspect of its product selection in the present-day ten years.

The automaker has set a focus on for hybrid and electrical motor vehicles to account for two-thirds of its world product sales by 2030.

The Honda e, which was unveiled in Europe earlier this month, is a 4-seater compact motor vehicle which the corporation says has a selection of up to 283km beneath the All over the world Harmonized Mild Cars Method requirements – a great deal lessen than equivalent models this kind of as the Nissan Leaf.

The Honda e options smartphone-operated doorway locks and engine starter, as perfectly as digital camera devices mounted on the side mirrorsand computerized parking. The proposed retail price for the entry-amount product is JPY4.51m (US$42,550), soaring to JPY4.95m (US$forty six,700) for the full-outfitted product. The product qualifies for central and community government zero-emission motor vehicle subsidies.

Honda has set an annual product sales focus on of about 1,000 units per yr in Japan, but expects European product sales to achieve ten,000 units annually.

In Japan, the Honda e will occur up towards forthcoming models this kind of as the Nissan Ariya crossover EV from mid-2021 and a smaller, two-seater EV from Toyota afterwards this yr.