Sunday, May 26, 2024
NewsToyota Plans to Deliver 3.5 Million EVs Per Year by 2030

Toyota Plans to Deliver 3.5 Million EVs Per Year by 2030

Toyota will invest more than $17.5 billion in EV technologies


  • Toyota’s EV plans took off late last year.

  • Until recently, they were focused on FCVs and hybrids almost exclusively.

  • A total of 15 EVs are on the way between now and 2025.


Toyota made it clear last December that it was on board with the EV movement. In a presentation, they had no fewer than 16 EV concepts on stage and a clear message: They want to achieve carbon neutrality and EVs will help make it possible.

Toyota’s EV Priority is Affordability, Not Range

Even though Toyota has long believed that hybrid technologies were a sustainable way to reach emission goals, EVs have won the debate. As such, Toyota will introduce 15 new EVs across its brands globally by 2025. They’ve obviously not given up on hybrids as new more efficient models are also in the works.

“Toyota’s announcement is an indication of a larger trend in the global automotive industry,” says tradingplatforms.com’s Edith Reads. “Battery-electric vehicles are becoming more affordable and reliable over time, increasing consumer demand driving innovative approaches to EV production. And with increased demand for EVs, governments are instituting incentives to encourage their purchases over their traditional counterparts.”

The bZ4X will be our first taste of a mass-produced EV from Toyota, and a first opportunity to discover the e-TNGA platform. This structure will underpin the majority of the Japanese automaker’s future EVs.

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Matt St-Pierre
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

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