Honda Motor Co. will focus on developing gasoline-electric vehicles, foreseeing that hybrids will replace other types of vehicles over the next 20 years, the new president of Japan's No. 2 automaker said at his first news conference Monday.
Honda will widen its hybrid lineup with the launch of a new sporty CR-Z in February and hybrid versions of its compact Fit by the end of 2010, Takanobu Ito said.
"I believe all models (of all the automakers) will probably become hybrids in the next 20 years because hybrids definitely have better fuel-efficiency," Ito told a group of reporters at the firm's headquarters in Minato Ward, Tokyo.