With first EV to be introduced in China by early 2020s, India is also part of new future strategy as Toyota found ‘last piece of the puzzle’
Toyota Motor Corporation has been said to be on the back foot for long in the battle for supremacy in the global electric vehicle market. However, the Japanese auto giant now reckons that it can get to the leading position thanks to the new innovations and sustainable technologies that are made available and being explored for future use.
It is largely due to the constantly evolving battery technologies and the conventionality the zero-emission vehicles will offer in the near future. The next-generation solid-state battery tech is tipped to help achieve a transition demanded by the industry from traditional IC-engined cars to EVs.
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Toyota has announced just a week ago that it has identified the significant technology paving way for a highly aggressive strategy. The brand has planned to roll in excess of ten electric vehicles globally by the early parts of next decade.
The automaker last week proclaimed that it has found the final piece of the puzzle to make EVs feasible, and unveiled aggressive plans to roll out more than 10 EVs worldwide by the early 2020s. Despite the success of the environmental-friendly Prius, Toyota does not sell any pure EV yet.
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Its bold plans for the near future tell us the prominence of electrification. With automakers making huge strides in terms of EV sales, for instance BMW already sold 1,00,000 electrified cars in 2017, Toyota fancies its chances as well and if the strategy comes out handy, we could potential see the company emerging on top.
Toyota’s Executive Vice President Shigeki Terashi calls it as a dramatic change in stance during the strategy unveil in Tokyo and is confident of how things are going to unfold. The first electric vehicle is slated for the largest eco-friendly market in the world, China.
It will be followed by introduction of new electric cars in countries like Japan, US and Europe as well as India. The existing fleet of Toyota and Lexus vehicles are also part of the electrification strategy as each nameplate will get their share of electric variants by 2025.
Source: AutomotiveNews