Toyota Goes Electric Starting In 2020: Announces Massive EV Offensive

Toyota, after years of neglecting of all-electric cars, announced today a huge offensive with a new platform, global models of various type as well as ultra-compact and walking area BEVs.

The new plan envisions rollout of all-electric vehicles from 2020 (starting with Toyota C-HR BEV and Toyota IZOA BEV twins in China) and Toyota says that by 2025, all models to have electrified version (at least hybrid).

In the early 2020s, Toyota would like to introduce 10 BEV models worldwide, including six global models, based on e-TNGA platform.

If we look at the general plan, you can notice however that expected BEV sales are low compared to hybrid and plug-in hybrid share. Interestingly, Toyota doesn't see much market share for hydrogen fuel cell cars by 2050 either.

"Much work lies ahead to achieve the popularization of BEVs. Specifically, we will be focusing on vehicle development and the stable supply, improved durability, and reuse of batteries.

We are steadily preparing a framework to respond thoroughly to the challenge, putting all the pieces in place, including the creation of new business models.

Working in an extensive and open manner, we are collaborating with partners as we strive to contribute to a better society."