Toyota presents its electric vehicle expansion plan

Toyota, the world’s largest automaker, belatedly joined the electric vehicle movement on Tuesday, saying it hoped that by the end of the...

Toyota, the world’s largest automaker, belatedly joined the electric vehicle movement on Tuesday, saying it hoped that by the end of the decade, battery-powered cars would account for a third of sales and almost all of them. sales of its luxury brand Lexus.

The Japanese automaker pioneered hybrid vehicles using electric and gasoline engines, but it has been slower than competitors like Volkswagen, General Motors, and Ford Motor to sell cars that run on battery power alone. GM aims to phase out gasoline vehicles in favor of electrics by 2035.

Toyota said on Tuesday that one of its factories in Japan is preparing to produce an electric sport utility vehicle developed with Subaru called the bZ4X. (BZ stands for “beyond zero.”) The vehicle will go on sale early next year, Akio Toyoda, chairman of Tokyo Motor Corporation, said at an event in Tokyo.

The company aims to produce 3.5 million electric vehicles by 2030, or about a third of Toyota’s sales before the pandemic. Toyota will offer 30 battery-powered vehicles by the end of the decade, Toyoda said as he stood in the middle of rows of prototype which also included an electric pickup truck, an all-terrain vehicle similar to the Toyota Land Cruiser, and a two-seater sports car.

The Lexus brand will only sell electric vehicles by 2030 in the United States, Europe and China.

The pressure on traditional automakers to switch to electric has increased. Tesla has taken a significant share of the premium car market in the United States, Europe and China. Electric car sales have grown faster than expected by most automakers due to government incentives as well as demand from car buyers who are environmentally conscious or prefer electric cars for aesthetic or performance reasons.

In Europe, battery-powered vehicles represent more than 10% of new car sales. President Biden’s infrastructure plan is expected to boost sales of electric vehicles in the United States. In addition to the Teslas, there has been a strong demand for cars like Ford’s Mustang Mach-E; an electric version of the Ford F-150 pickup coming next year; a GM Hummer pickup truck; and the SUV ID.4 of Volkswagen.

Toyoda, who has been criticized by environmentalists for the company’s resistance to electric cars, said Toyota is still not ready to move into electric vehicles. The company will continue to sell hybrids and models that run on fossil fuels, as not all regions have electric vehicle chargers and related infrastructure, he said.

“It’s not us, but the local markets and our customers who decide which options to choose,” he said.

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Newsrust - US Top News: Toyota presents its electric vehicle expansion plan
Toyota presents its electric vehicle expansion plan
Newsrust - US Top News
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