Toyota plans to introduce 10 new electric vehicle models by 2026

MG News | April 07, 2023 at 10:31 AM GMT+05:00

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April 07, 2023 (MLN): Toyota Motor Corp has planned 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, Reuters reported.

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 report added.

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, it noted.

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