Honda, one of the largest manufacturers of motorcycles, will launch at least 10 new electric models worldwide within the next three years. The move to go electric is a part of Honda's bigger plan to achieve carbon neutrality by 2040.

Honda mentioned in a video briefing that it plans to sell around 1 million electric motorbikes every year within the next five years.  

In the short term, switching to electric vehicles can result in heavier models with higher prices, which could have a negative impact on sales if demand starts to decline. Customers in developing countries such as Bangladesh, where motorcycles are immensely popular, may find high pricing to be a deterrent.

With almost 300 million motorcycles sold since its inception, Honda is regarded as the largest motorbike manufacturer in the world.