Toyota to launch 10 new battery EV models by 2026, executive says

Toyota to launch 10 new battery EV models by 2026, executive says

A Toyota RAV4 Prime electric car is recharged October 3, 2022 at a charging station at the town hall in Charlotte, Vermont.

Robert Nickelsberg | Getty Images

Toyota Motor Corp aims to introduce 10 new battery electric vehicle models by 2026, a senior executive said on Friday, as the Japanese automaker looks to catch up in electric vehicles.

Toyota will also set up a new, specialised unit to focus on battery EVs and is targeting annual production of 1.5 million battery-powered cars by 2026, Hiroki Nakajima, the company’s chief technology officer, said at a briefing.

The increase would mark a sharp upturn from Toyota’s current levels of electric vehicles.

The automaker, the world’s largest by sales, has pushed back against criticism it has been too slow to embrace battery-powered vehicles. Toyota argues that a mix of options – including gasoline-electric hybrids, makes more sense for its global customer base.

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