Toyota to roll out 30 BEV models and sell 3.5-M units of these by 2030

Toyota to roll out 30 BEV models and sell 3.5-M units of these by 2030

MANILA: Toyota recently laid out its battery electric vehicle (BEV) strategies,  and revealed 16 Toyota and Lexus BEV concept cars and production vehicles, such as the all-new bZ4X due next year.

KEY TAKEAWAYS

  • What are Toyota's plans in battery electric vehicles (BEVs)?

    Toyota plans to launch 30 and sell 3.5 million BEVs by 2030. Likewise, the carmaker has similar goals for Lexus.
  • Why will Toyota continue to develop hybrid and hydrogen vehicles alongside BEVs?

    Toyota Chief Akio Toyoda said that before his company would shift to full EVs, it will observe the EV market first.
  • During his presentation, Toyota President Akio Toyoda announced that the company is going to roll out 30 BEV models, and is anticipating sales of 3.5 million BEVs globally by 2030.

    Meanwhile, the Lexus brand aims to have BEVs account for 100% of sales in Europe, North America, and China by 2030.

    To make the above goals possible, Toyota will invest ¥8 trillion yen for the electrification of its lineup by 2030, with the half of the amount going to a lineup of BEVs. 

    Toyota EV Toyota EV Toyota EV

    The electrified Toyota and Lexus concept cars that were presented included sedans, SUVs, a small crossover designed for Europe and Japan, a pickup truck, a sports car and a supercar.

    But aside from BEVs, Toyoda said his company will still pursue technologies for hybrid cars and hydrogen-powered vehicles.

    "We want to leave all people with a choice, and rather than where or what we will focus on, we will wait a little longer until we understand where the market is going," Toyoda said.

    Meanwhile, Toyoda said that with hydrogen technology, some of Japan's 5.5 million jobs in the automotive production could be retained, as some of Toyota's supply chains could disappear with a total shift to electric cars.

    Photos from Toyota 

    Also read: Toyota to open new li-ion battery plant in North Carolina in 2025

     

    Dylan Afuang

    Dylan Afuang

    Growing up in the 2000s, Dylan browsed through car magazines before reading proper books, and watched motoring TV shows as often as he did cartoons. So, talking about cars came natural to him. His dream car is the Honda S2000.

    Read Full Bio

    Sell your car at the best price

    Verified and genuine buyers Verified and genuine buyers
    Free listing Free listing
    List your car

    Toyota Car Models

    Toyota Cars Price

    Trending & Fresh Updates

    You might also be interested in

    • News
    • Featured Stories

    Toyota Featured Cars

    • Upcoming

    Latest Toyota Car Videos on Zigwheels

    Zigwheels
    Latest Toyota Car Videos

    Toyota Car Articles From Carmudi

    • journal

    Compare

    You can add 3 variants maximum*