Toyota is ramping up electric vehicle deployment plans
Toyota is ramping up electric vehicle deployment plans, pulling forward its goal of selling 5.5 million electrified vehicles by five years and aiming to develop a solid-state battery by next summer.
Toyota's Executive Vice President Shigeki Terashi outlined the new roadmap in a June 7 briefing about the company's EV plans.
Toyota now aims to sell some 5.5 million traditional gasoline-electric hybrids, plug-in hybrids, EVs and hydrogen fuel cell vehicles by 2025. Nearly 1 million of them could be pure EVs. In December 2017, the company had said it wanted to sell that many electrified vehicles by 2030.
«Much work lies ahead to achieve the popularization of BEVs (Battery Electric Vehicle). Specifically, we will be focusing on vehicle development and the stable supply, improved durability, and reuse of batteries. We are steadily preparing a framework to respond thoroughly to the challenge, putting all the pieces in place, including the creation of new business models» Terashi said.