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Honda Motor Co. has said it will stop selling new gasoline-powered vehicles, including hybrids, worldwide by 2040, becoming the first Japanese automaker to set such a goal in response to the global trend of decarbonization.

Honda plans to gradually increase the proportion of electric and fuel cell vehicles in its total sales in major markets such as Japan, the United States, Europe and China, aiming for 40% in 2030 and 80% in 2035, it said Friday.

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