Toyota CEO announces automaker’s battery EV plan

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The Toyota City Showcase’s Toyota Motor logo is on display at the company’s Mega Web Car Theme Park in Tokyo on Monday, November 1, 2021.

Kiyoshi Ota | Bloomberg | Getty Images

ToyotaThe world’s largest automaker plans to invest 4 trillion yen ($ 35 billion) by 2030 to build a full lineup of 30 battery-powered electric vehicles.

Akio Toyoda, CEO, said on Tuesday that he also aims to increase global sales of battery-powered electric vehicles by 3.5 million units a year by the end of the decade.

Most of Toyota’s current electric vehicle sales Hybrid electric vehicle Supplied by Combination of internal combustion engine and battery-powered electric motor.. Battery-only EVs make up a small portion of current sales.

According to Toyoda, Japanese automakers will increase new investment in battery technology by 500 billion yen ($ 4.4 billion) to 2 trillion yen. This is part of Toyota’s $ 4 trillion investment in battery-powered electric vehicles, including both capital investment and R & D.

Toyota also plans to invest an additional 4 trillion yen in other types of electric vehicles, including hydrogen-powered hybrid vehicles, plug-in hybrid vehicles, and fuel cell electric vehicles.

At a briefing session on the strategy of secondary battery-powered electric vehicles by automobile manufacturers, Mr. Toyoda said, “In this diversified and untapped era, we will flexibly change the types and quantities of products we produce while observing market trends. Is important. ” His remarks in Japanese.

“We believe that adapting quickly to future changes is more important than predicting the future. This is uncertain. We want to keep the options available to our customers until we know the right path. I’m thinking, “he added.

Toyota aims to make the luxury brand Lexus 100% of the world’s battery-powered electric vehicle sales by 2030 in Europe, North America, China, and by 2035.

Despite being one of the pioneers of hybrid models, Toyota is relatively slow in its commitment to battery-only electric vehicles compared to its global competitors such as: General Motors When Ford..

At the United Nations Climate Change Conference in Scotland last month, Japanese automakers joined Sweden’s Volvo. Daimler Mercedes-Benz has signed a declaration to phase out fossil fuel vehicles by 2040, Reuters reported.

Had by Toyota’s top executives Reportedly told the news agency The company doesn’t want to be seen as an electric car maker, but instead wants to be seen as a carbon-neutral business.

Toyota said in a briefing on Tuesday that it would aim for carbon neutrality at its manufacturing plant by 2035.

rival Nissan I said that would happen last month Invest 2 trillion yen (about 17.6 billion dollars) in the next 5 years Speed ​​up the electrification of the product line. By 2030, we plan to deploy 23 new electric models, 15 of which are completely electric.

Toyota CEO announces automaker’s battery EV plan

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The post Toyota CEO announces automaker’s battery EV plan appeared first on Eminetra.

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