Toyota Wants to Be Selling 1 Million EVs a Year by 2020
Many of the world’s automakers have committed to electrifying nearly their entire lineups and producing more pure EVs, except for Toyota. Until now, that is.
Toyota, one of the world’s largest automakers, outlined a plan today to roll out more electrified vehicles between 2020 and 2030. The company is hoping to have annual electrified vehicles sales of 5 million units per year, including 1 million BEVs (battery electric vehicles), by 2030. Additionally, every single Toyota or Lexus badged product will be offered with an electrified powertrain, be it hybrid, plug-in hybrid, or BEV, by 2025.
Toyota’s hybrid vehicle plan will entail the further development of its Toyota Hybrid System II, which is used in the current-generation Prius. A more powerful version of the powertrain may appear in some vehicles, while a simpler, more cost-effective hybrid system will also be developed to help meet a wider range of customer needs and preferences. It will also roll out 10 BEV models by the early 2020s, the first of which will arrive in China. After that model’s debut, Toyota EVs will go on sale in Japan, India the US and eventually Europe.
The Japanese auto giant also said it has been “actively developing next-generation solid-state batteries and aims to commercialize the technology by the early 2020s.” Solid state batteries have the potential to be more energy dense, smaller and less expensive than lithium-ion cells, and could change the electrified car industry in a major way. In the same release, Toyota mentioned its new partnership with Panasonic as well, which will see the two companies “start a feasibility study on a joint automotive prismatic battery business,” to achieve the “best automotive prismatic battery in the industry.”
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Sam McEachern holds a diploma in journalism from St. Clair College in Windsor, Ontario, and has been covering the automotive industry for over 5 years. He conducts reviews and writes AutoGuide's news content. He's a die-hard motorsports fan with a passion for performance cars of all sorts.
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