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Toyota Ramping Up Electric Push

All Toyota Vehicles Will Have Fully Electric or Hybrid Version By 2025

Darrell Etherington | TechCrunch

Toyota is finally revealing the details of its plan to catch up with some of its rivals on electrification; the automaker has focused primarily on hybrids and hydrogen fuel cell vehicles before now, despite having led the market with the Prius – but it’s going to focus more on pure EVs going forward, with a plan to offer over 10 purely battery-powered vehicles from 2020 on, and a goal of making available either a hybrid or a fully electric version of every car it sells by 2025.

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The announcement from Toyota comes via a Tokyo press briefing on Monday, which elaborates on earlier comments made by the company around its intent to target China first for fully electric vehicle sales. It’s also planning to sell pure EVs in Japan, India, Europe and the U.S., the automaker says.

To help make this happen, Toyota will partner with Panasonic on battery tech, including developing next-generation, new batteries as well as current gen lithium-ion powerhouses. It’s going to invest as much as $13.3 billion through 2030 in battery development in order to help it get up to pace in the EV space.

Toyota’s plans also involve getting to a point where around half of its annual vehicle sales are accounted for by electrified cars, including both hybrid and fully electric vehicles – it has a firm target of 5.5 million electrified vehicles sold annually by 2030.

READ the full story at TechCrunch

About Darrell Etherington

Darrell Etherington
Darrell Etherington is a Writer at TechCrunch, focused on covering early-stage startups, especially those with a technology focus. Darrell used to work for Apple in the PR department, but he does not currently hold any Apple stock.

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