Toyota to launch 10 new battery EV models by 2026, executive says | Inquirer Business

Toyota to launch 10 new battery EV models by 2026, executive says

/ 02:51 PM April 07, 2023

TOKYO   –Toyota Motor Corp aims to introduce 10 new battery electric vehicle models by 2026, a senior executive said on Friday, as the Japanese automaker looks to catch up in electric vehicles.

Toyota will also set up a new, specialized unit to focus on battery EVs and is targeting annual production of 1.5 million battery-powered cars by 2026, Hiroki Nakajima, the company’s chief technology officer, said at a briefing.

The increase would mark a sharp upturn from Toyota‘s current levels of electric vehicles.

The automaker, the world’s largest by sales, has pushed back against criticism it has been too slow to embrace battery-powered vehicles. Toyota argues that a mix of options – including gasoline-electric hybrids, makes more sense for its global customer base.

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TAGS: electric vehicles, launch, plans, Toyota Motor Corp.

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