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Photo: Paul Hennessy/SOPA Images/LightRocket via Getty Images

General Motors and Honda will jointly develop two electric vehicles for Honda's product line that are slated for manufacture at GM's North American plants.

Why it matters: No company can go it alone when it comes to funding advanced technologies like electrification.

  • While Honda is known for efficient gasoline-powered engines, it needs help with battery-electric vehicles.
  • GM, for its part, gets added scale for its new Ultium battery platform, which should help drive down EV prices.

Details: Sales of the new vehicles are slated to begin in 2024.

  • The companies already work together on many fronts, including hydrogen fuel cells.
  • Honda is also an investor in GM’s self-driving unit, Cruise.

The big picture: It's among a growing number of major corporate partnerships over EVs, such as Ford and VW's alliance, Toyota and Panasonic's joint battery development, Ford's work with the startup Rivian, and more.

But, but, but: GM and Honda are on different sides of the debate over auto emissions policy.

  • Honda — along with Ford, VW, BMW and Volvo — are part of a preliminary deal with California to meet CO2 standards that are stricter than Trump administration rules.
  • GM is among the automakers on the administration's side in litigation to block California (and states that follow its lead) from imposing separate standards.

Go deeper

7 mins ago - Health

First cases of COVID-19 Omicron variant discovered in United Kingdom

People wearing masks walk in London on Nov. 25. Photo: Li Ying/Xinhua via Getty Images

Two cases of the new COVID-19 Omicron variant were detected in the United Kingdom over night, the U.K. Health Security Agency announced Saturday.

Why it matters: The discovery comes as the world scrambles to respond to concerns over the new variant, discovered in South Africa earlier this week.

Updated 52 mins ago - Economy & Business

Americans are super-sizing their holiday travel

Illustration: Sarah Grillo/Axios

Americans are rushing back into holiday travel, and many are taking even longer trips now than they did before the pandemic began.

The big picture: After skipping Thanksgiving and Christmas gatherings last year, many people are eager to maximize this year's celebrations with friends and family. And flexible remote working arrangements make that easier than ever.

Updated 53 mins ago - Energy & Environment

Pity the "green" car buyer

Expand chart
Data: IHS Markit Data; Note: Chart: Thomas Oide/Axios

Americans are more open than ever to trading in their gas cars for electrified vehicles — but they're flummoxed by the confusing array of green options arriving in showrooms.

Why it matters: Getting up to speed on the differences among hybrids, plug-in hybrids and battery-electric vehicles will be a challenge for car buyers — and salespeople, too — as we transition away from gas-powered vehicles over the next decade.