Team principal Christian Horner said they respect Honda's decision “to re-deploy their resources.” “Their decision presents obvious challenges for us as a team but we have been here before and with our strength in depth we are well prepared and equipped to respond effectively, as we have proven in the past,” Horner said in a statement.
“In the meantime, as the automobile
industry undergoes a once-in-one-hundred-years period of great transformation, Honda has decided to strive for the 'realization of carbon neutrality by 2050,'” Honda said.
“Toward this end, Honda needs to funnel its corporate resources in research and development into the areas of future power unit and energy technologies, including fuel cell vehicle (FCV) and battery EV (BEV) technologies, which will be the core of carbon-free technologies,” it said.
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