Toyota plans to introduce the next-generation EV later this year at the Japan Mobility show, formerly known as the Tokyo Motor Show. As one of the largest car manufacturers in the world, by Toyota hard start the road to the tram very hard to ignore. But Toyota’s new CEO, Koji Sato, said it is planning to catch up with rivals with a next-generation EV built on a new platform that will replace the e-TNGA.
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Toyota’s new EV expected to launch in 2026, according to auto news, but the automaker will put out a preview of it this fall. Sato and the rest of Toyota executives shared details of the company’s three-step plan for the electric vehicle transition, which will nonetheless rely on a combination of vehicle technologies. convenience, including hybrid vehicles, battery electric vehicles (BEVs), plug-in hybrid vehicles (PHEVs) and hydrogen fuel cell electric cars (FCEVs).
Toyota still reluctant to commit to a push approach, but the company under Sato seems less tight-lipped to devote more resources to electric vehicles. Toyota is finally rethinking production and refocusing on electric vehicles with massive investments in their production, each car news:
CEO Koji Sato, details of the plans Fourth, also say toyOne will invest an additional 1 trillion yen ($7.44 billion) in electric vehicle development and production by the end of the decade. That brings Toyota’s total commitment to 5 trillion yen ($37.19 billion) for the period.
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On Wednesday, Sato unveiled Toyota’s newly named in-house EV development center.
Called the “BEV Factory,” it will be a laser-focused operation, tasked with innovating Toyota’s approach to electric vehicles on everything from the chassis and software to the battery and production process.
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That’s what Toyota’s new three-step plan is all about; step one is already underway with the Toyota bZ lineup; step two will be building upon its current EVs and boosting production capacity to get to 1.5 million EVs globally by 2026; and step three will kick off that same year with Toyota’s next-generation EVs.
The company plans to add 10 new EVs within the next three years, to be sold under the Toyota and Lexus brands. In fact, the brief glimpse we’ve got thus far of the next-gen EV shows a sleek wedge-shaped car with Lexus badging. It even looks somewhat like the new (fantastic) Toyota Prius. The company plans to be selling 3.5 million BEVs by 2030, which is why this platform is so important.
Toyota’s production expertise seems to have stagnated in the EV transition, so the auto maker wants to focus on the new architecture and optimize for EVs, rather than adopting an existing platform from its internal-combustion models. That means Toyota will design everything with its upcoming EVs in mind, from the chassis, to software, batteries, and, of course, the platform’s production.
Relatively new EV makers like Tesla have shaken the sleeping giant awake with streamlined production and an EV platform on the Model Y that some Toyota engineers have praised highly. But Toyota’s reputation for durability remains a goal. I guess as long as obsolescence isn’t built into Toyota’s next-gen EVs and batteries, things should be OK.
