Honda Mulling Electric Plug-in Hybrids

While the company admits it is looking into the development of plug-in hybrids, it considers battery technology significant barrier to successful development.

Published: 09-Jan-2007

DETROIT - Honda Motor Co Ltd said on Sunday it is targeting a U.S. sales increase of 3 percent in 2007 and is considering developing a plug-in electric hybrid vehicle to add to its lineup.

Honda, which saw sales rise 3.5 percent last year, expects higher demand for its Civic mid-size sedan, Fit compact car and CR-V sports utility vehicle to boost sales in 2007, President and Chief Executive Takeo Fukui told reporters on the sidelines of the North American International Auto Show.

The Japanese automaker is increasing production of Civic sedans and CR-V SUVs this year, he added.

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