A senior executive from Toyota Motor Corp. said on Friday that the Japanese automaker wants to catch up in the electric vehicle market by introducing 10 new battery electric vehicle models by 2026.
Hiroki Nakajima, the chief technology officer of Toyota, stated at a briefing that the company intends to produce 1.5 million battery-powered automobiles annually by 2026 and will also establish a new, specialized unit to concentrate on battery EVs.
The increase would represent a significant expansion from Toyota’s current electric vehicle inventory.
The world’s largest automaker has responded to criticism that it has been too slow to adopt battery-powered vehicles. Toyota contends that a blend of choices – including gas electric half and halves, checks out for its worldwide client base.