Toyota President Akio Toyoda speaks at a briefing in Tokyo Tuesday.
Picture:
KIM KYUNG-HOON/REUTERS
TOKYO—
Toyota Motor Corp.
TM -3.42%
on Tuesday stepped up its dedication to battery electrical autos, saying it could have 30 EV fashions obtainable by 2030 and aimed to promote 3.5 million battery EVs globally by 2030.
Toyota additionally mentioned that 100% of the autos in its luxurious Lexus model can be EVs globally by 2035. The Lexus model goals to have battery EVs account for 100% of complete gross sales in Europe, North America and China by 2030, Toyota mentioned.
The automobile maker mentioned it could make investments ¥2 trillion, equal to $17.6 billion, in battery know-how.
The firm had beforehand mentioned it could introduce 15 battery EV fashions by 2025.
Toyota’s president,
Akio Toyoda,
mentioned the automobile maker needed to cut back carbon-dioxide emissions as a lot as potential and as rapidly as potential.
Beforehand, Mr. Toyoda has expressed skepticism concerning the automobile trade’s transfer towards battery EVs. He mentioned the autos aren’t essentially environmentally pleasant if the electrical energy they use comes from fossil fuels.
Write to Sean McLain at sean.mclain@wsj.com
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