Friday, July 1, 2022
News Lexus to Sell Only EVs by 2035

Lexus to Sell Only EVs by 2035

Toyota and Lexus turn towards electrification slightly behind other automakers

  • Toyota has committed $70 billion to electrify its product portfolio.

  • By the end of the decade, Toyota predicts that about a third of its sales will be EVs.

  • Come 2030, Toyota will have 30 EVs.

Once a detractor, now a semi-willing participant in electrification beyond hybrids, Toyota has announced that it will make considerable investments in the coming years in an effort to electrify much of its product line-up. Lexus will receive a good portion of the $70 billion investment as it will go all-EV by 2035.

Toyota to introduce many new EVs by 2030 | Photo: Toyota

The plan for Toyota’s luxury brand will be to have an EV in each segment that it competes in by 2030. By 2035, Lexus will sell only EVs. Toyota’s objectives are not quite as EV-focused, however.

Toyota still believes that not all markets and consumers will want an electric vehicle which is why they expect that only about 3.5-million, of their roughly 10 million annual sales, will be EVs by 2030.

“We want to leave all people with a choice, and rather than where or what we will focus on, we will wait a little longer until we understand where the market is going,” Toyota CEO Akio Toyoda said as reported by Automotive News Europe. At the end of the current decade, Toyota will have up to 30 fully electric models for sale

Trending Now

Jaguar will Introduce Three Electric SUVs Starting in 2025

Jaguar will replace all of its models by EVs in 2025 The Three SUVs will reportedly include two and four-door mid-size models as...

Pagani Building 5 Longtail Huayra Codalungas

Long-tail, streamlined bodywork for custom Huayra Pagani spent years working on the car with some very special customers Pagani has just confirmed, that yes...

Hyundai Teased the Production Version of the Ioniq 6 for the First Time

Previous images shown by Hyundai were either from the Prophecy concept or from prototypes The official reveal could take place tomorrow The electric...

Indi One EV is a Car Wrapped Around a Supercomputer

The Indi One is IndiEV’s first vehicle, a midsize crossover. Two fully electric powertrains available, with 275 or 475 horsepower. Pricing ranges from...

General Motors Introduces a Plug and Charge Feature for EVs

This allows drivers to simply plug the charger into the car, without having to use an app The feature is available on all...
Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.