Toyota to launch 10 new battery EV models by 2026
"In the next few years we will expand our line-up in the important battery electric category," Chief Executive
told the briefing, his first in the top job, but added that hybrids would remain an important pillar.Meeting that demand will be critical for Toyota, which also said it would increase production in the United States, where the growth in EVs is outpacing that of the overall market. Toyota's target of selling 1.5 million BEVs a year in 2026 was 25% higher than a 1.2 million battery-powered units it was expected to sell by then according to an S&P Global Mobility forecast compiled before Friday's announcement.
"There's a gap of 300,000 units so that can be thought of as a difference of about a year," said Yoshiaki Kawano, an associate director at S&P Global Mobility. "It doesn't seem like it's impossible to achieve at all," he said, adding the outcome would still depend on what models Toyota
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