I've long believed they were all in on hydrogen fuel as the next big thing, because it would preserve their internal combustion tech investment. And, I've long believed that was an existential mistake. They, working with Toyota, could have pulled it off by pouring bucketloads of upfront capital into refueling infrastructure (like Tesla did with their Supercharger network). But they didn't. Pilot projects with short-range delivery vans don't cut it.
It's about time they started working on BEV.
But: pedals? pedals with ergonomic problems? (No seat height adjustment is evident and they're far too widely spaced to let a rider get any power without rocking back and forth.)
There are plenty of decent e-bikes in this market space. Most of them leverage the existing cycling parts and service capabilities . Honda's coming late to this party.
We shall see.