Toyota aims to introduce 10 new battery electric vehicle models by 2026, a senior executive said on Friday, as the Japanese carmaker 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 petrol-electric hybrids, makes more sense for its global customer base.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.