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19 12 2017 02

Toyota is moving fast on electrification and said it will bring more than 10 all-electric vehicles to the global market in the early 2020s. Battery investment is likely to exceed 11 billion euros (1.5 trillion yen) through 2030.

Only days ago, Toyota announced its plans to make half of its sales electrified vehicles from 2030 while it also extends its battery development cooperation with Panasonic (we reported). But this is not enough it appears in the light of tightening emission regulations worldwide.

So in its latest statement, executive Vice President Shigeki Terashi in Tokyo said “as a mass-market automaker we need to expand our offering of electric cars.” This translates to no less than ten new all-electric models Toyota wants to launch throughout the early 2020s with the first EV to hit the market in China by 2020.

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