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I've been wondering when Honda and Toyota would seriously jump into the EV ring.
BEV is a good long term goal (20 years). PHEV makes the most sense at the moment in every metric (environmental, economic, utility, etc).
F1 is about the only sporting event I care to watch, so it's a shame they are leaving. Although the engines are ICE, there is a ton of interesting tech that can be applied in the hybrid realm going on in F1 such as KERS. Honda's exit means only manufacturers I don't care about remain (European).
Maybe they can jump into Formula E since that would be a fraction of the Formula 1 budget.
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