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Toyota Wants To Realign Itself By Expanding Its Portfolio Of Electric Cars

  • Written by : Ashton G. Curran
  • Date Published : 2023-04-11
  • Date Updated : 2023-04-11
  • Category / Tag : toyota
Toyota Wants To Realign Itself By Expanding Its Portfolio Of Electric Cars
Japanese carmaker Toyota has announced plans to increase the production of electric cars, while still focusing on other drives like internal combustion engines and fuel cells. The new CEO, Koji Sato, introduced the strategy, known as "heritage and evolution," which aims to expand Toyota as a holistic mobility company without losing sight of passenger cars. However, to ensure the car remains a necessary part of society, Sato believes it's essential to change the future of the car....

Two critical issues need to be addressed: CO2 neutrality and expanding the value of mobility.

Toyota is fully committed to achieving carbon neutrality for its vehicles' entire lifecycle by 2050.

The company relies on a broad drive mix and considers multi-pathway solutions to sell vehicles worldwide, depending on the region.

Toyota plans to implement the electrification of its portfolio by significantly expanding its range of purely electric models, increasing sales of hybrid electric vehicles, and increasing the proportion of plug-in hybrid drives in its new car fleet.

Toyota is also working on hydrogen drives and solutions for various applications, including power supply and motorsport.

These measures aim to reduce Toyota's average CO2 emissions worldwide by 33 percent by 2030 and more than 50 percent by 2035 compared to 2019.

The future of cars is about expanding the value of mobility, and Toyota wants to be at the forefront of this transformation.

The company plans to create seamless mobility experiences that are intermodally connected and offer new value for cars as part of social infrastructure.

The company intends to work on V2G, air taxis, new logistics solutions, and mobility beyond the private car.

Toyota is committed to introducing ten new electric models by 2026 and achieving 1.5 million electric car sales per year.

The company also plans to double the range of its electric cars in the medium term.

Local production of a 3-row SUV will begin in the USA in 2025, equipped with batteries manufactured in North Carolina, and the production capacity will be increased.

In China, Toyota plans to launch two locally developed EV models in 2024 to meet local needs.

The manufacturer also wants to produce an electric pickup by the end of the year and add a small electric car to respond to the growing demand for battery-powered electric vehicles.

Toyota is also focusing on plug-in hybrids and aims to increase their range massively.

By increasing battery efficiency, Toyota's part-time electric vehicles should be able to cover more than 200 kilometers purely electrically in the future.

For hydrogen vehicles, Toyota is aiming for mass production in the commercial vehicle sector, starting with medium to heavy commercial vehicles.

Toyota is also working on e-fuels, with which existing vehicles can be operated in a climate-neutral manner.

Toyota has sold a total of 22.5 million hybrid cars since the first-generation Prius was introduced more than 20 years ago.

The fuel savings of all Prius together are said to be equivalent to a reduction in CO2 emissions of around 7.5 million purely battery-electric vehicles.

Toyota believes that hybrid cars are an essential part of the climate change solution.