Monday, January 17, 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

Here are the 2022 NACTOY Winners

The North American Car and Truck of the Year awards are the most prestigious on the continent. Honda and Ford are this year’s...

Craving a Late Model Year Audi R8 With a Manual Transmission? Enter Underground Racing

The well-known tuner will fit a 6-speed manual transmission to the V10. That’s right, they will install a gated 6-speed manual transmission. The...

Mitsubishi’s Vision Ralliart Concept is a Black-Out Package

Two other Ralliart Style concepts were revealed. The only real upgrades are larger brakes. Mitsubishi came relatively late to the US and took forever...

This Porsche Taycan Coupe Is Breathtaking

The Porsche Taycan has been quite the success story since its launch two years ago and since then Porsche has introduced multiple versions of...

Electric Volvo XC90 Replacement Called Embla: Report

All-new XC90 getting a name from Norse myth Embla trademark filed with EU The upcoming replacement for Volvo's XC90 crossover is expected to be...
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.