It is really the end of an era, as Honda has announced it will no longer be providing engines for the Formulation One particular championship. The Japanese automaker’s participation in the FIA Formulation One particular Earth Championship will end after the 2021 race year. Alternatively, Honda desires to use the expertise obtained from providing Formulation One particular engines to concentration on developing fuel-cell and battery EV technologies as part of the company’s tactic to turn into carbon neutral by 2050 and have electrified cars make up two-thirds of the company’s world wide revenue in 2030.

“Honda needs to funnel its corporate methods in study and growth into the areas of long term electric power device and strength technologies, such as fuel cell automobile (FCV) and battery EV (BEV) technologies, which will be the core of carbon-cost-free technologies,” Honda stated in a assertion.