Toyota has announced a plan to launch 10 new electric vehicles by 2026 with the goal of increasing EV production to 1.5 million vehicles annually.
"In the next few years, we will expand our line-p in the important battery electric category,"The plan includes the launch of 10 new electric vehicles globally that will be manufactured at an annual production rate of 1.5 million by 2026.
Koji Sato, president of Toyota Motor Corp., outlined Toyota's new plan during a presentation in Tokyo on Friday. Toyota currently offers just three fully electric models and sold less than 25,000 last year, according to Reuters, compared to 2.6 million hybrids.The automaker's new EV production goal is 300,000 higher than was previously forecast, according to S&P Global Mobility.
Toyota has primarily focused on hybrid technology in recent years, and Sato said that would remain a priority at the company, even as more fully electric vehicles are added.
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