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Toyota to increase EV sales by 536% in next 12 months


Besides the announcement that it will be published 10 battery-powered vehicles across different product segments By 2026, Toyota has also announced that it aims to increase sales of battery-powered vehicles by more than 535% in the next 12 months, the Japanese manufacturer revealed at the press conference. Presentations last week.

This will be part of the 3.843 million EV sales forecast for fiscal year 2024 (FY2024), a category that will account for 37% of the Toyota and Lexus brands’ sales forecast of 10.4 million vehicles for the year. fiscal year 2024.

Of the 3.843 million electric vehicles that Toyota forecasts will be sold in fiscal year 2024, 3.497 million will be hybrids, 137,000 plug-in hybrids, 202,000 battery-powered vehicles, and about 8,000 fuel-cell electric vehicles, according to the projections. Newspaper presented by Toyota CEO Koji Sato.

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In addition to the timeline to fiscal year 2024, Toyota has also previously announced that it will launch 10 new battery-powered vehicles by 2026, was revealed by Toyota vice president Hiroki Nakajima in April. Among these will be a series compact cars including sedans for emerging markets, which may include models intended for the Malaysian market.

According to the 2023 financial results press conference presentation last week, these new models expected to launch from 2026 will be jointly built on three new platforms – these will be for machine and chassis, avionics and software platforms, according to CEO Sato. These will work towards Toyota’s goal of achieving BEV sales of 1.5 million units by 2026.

Further into the battery-powered vehicle business, Toyota announced last week that it will restructure its BEV business by abolish the current zero-emission vehicle (ZEV) outfit give Established BEV Factorya new organization dedicated to EV development and business growth.

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