Every model in the Toyota and Lexus portfolio will either be available as an electric option or be a dedicated electrified model
The trend of electrification is really catching on. At the Frankfurt Motor Show a few months back, car majors like Volkswagen and Skoda announced their plans of going green. The trend seems to be catching on as Toyota has now announced their move in the segment. The Japanese carmaker has announced that they intend to bring in 10 new electric vehicles by the ‘early 2020s’. Further clarifying the statement, the company says that the entire line-up of Toyota or Lexus models will be available as either as a dedicated electric or at least have an electrified option by 2025.
Toyota also has some ambitious plans for the sale of these electric vehicles. The company aims at selling more than 5.5 million electrified vehicles by 2030. These 5.5 million vehicles will be inclusive of 1 million zero-emission battery electric vehicles (BEVs) and fuel cell electric vehicles (FCEVs).
"Toyota will accelerate the popularisation of BEVs with more than 10 BEV models to be available worldwide by the early 2020s, starting in China, before entering other markets - the gradual introduction to Japan, India, the United States and Europe is expected," the company said in a statement.
This announcement doesn’t quite come as a surprise, especially considering that Toyota has been extremely proactive in their electric vehicle plans. They recently joined hands with Suzuki Motor Corporation to introduce electric vehicles in India by 2020. Together, the two companies are conducting a study on the feasibility of electric vehicles in India. Meanwhile, Toyota is also in conversation with Panasonic to jointly start automotive battery business.