Posts Tagged ‘Toyota’s EV strategy’

Toyota Planning to Launch at Least 10 EVs by Early 2020s

Half of Toyota sales will come from electrified vehicles by 2030.

by on Dec.18, 2017

The new battery deal between Toyota and Panasonic will likely play a critical role in the automaker's EV development plans.

Aiming to catch up to competitors like Volkswagen, General Motors and Tesla in the fast-emerging battery-car market Toyota Motor Corp. plans to launch at least 10 electric vehicles by the early 2020s.

Along with the pure battery-electric vehicles, or BEVs, Toyota said Monday that it will offer some of battery-based powertrain technology for every product it offers through both the Toyota and Lexus brands by 2025, with sales of those models – as well as hydrogen fuel-cell vehicles – set to reach 5.5 million annually by 2030.

Plugging You In!

“Electrified vehicles, which are effective for economical consumption of fuel and promoting usage of alternative fuels, are indispensable in helping to solve current environmental issues,” Toyota said in a statement Monday morning. “As a result, the number of models developed without an electrified version will be zero.” (more…)