Toyota Announces EV Plans

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Electrified vehicles to be available across the entire Toyota and Lexus line-up by around 2025.

Toyota has announced it plans to sell more than 5.5 million electrified vehicles, including 1 million zero-emission vehicles, per year, by 2030. The company’s strategy is based on acceleration in the development and launch plans of hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), battery electric vehicles (BEVs), and fuel cell electric vehicles (FCEVs).

Since batteries generally present limitations relating to energy density, weight/packaging, and cost, Toyota has been actively developing next-generation solid-state batteries and aims to commercialize the technology by the early 2020s.

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