Honda Reserves Judgement on Electric Cars, As GM Rolls Out Volt
TORONTO -- As General Motors Corp. prepares to show the world today what its much-hyped plug-in electric car will look like, a key rival said it is steering away from plug-ins because the battery technology that powers them is lagging.
"For battery-powered vehicles to become more widespread, more popular in the market, we feel battery technology needs to advance further," Masaaki Kato, president of Honda Motor Co.'s research unit, told Bloomberg in an interview.
"We just don't see it providing the type of driving performance you get with a gasoline-powered vehicle."
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