Toyota confirms ASEAN production of EV pickup truck as it fast-tracks BEV development. Toyota Electrification EV CarGuidePH
Faced with the possibility of being left behind in the shift towards EVs, Toyota has announced a radical shift in company policy and direction that, as you guessed it, pivots the Japanese carmaker to release more EVs.
The strategy, Toyota Mobility Concept, will have Toyota sell about 1.5 million EVs by 2026—or about 10 percent of 2022’s figures. This is compared to just 25,000 EVs in 2022. It will also expand the carmaker’s business to include charging stations. For that to happen, Toyota will take a highly regionalized approach.
Toyota promises that these BEVs will offer double the driving range compared to current BEVs thanks to batteries with greater efficiency, while also “offering designs and driving performance to set hearts racing.” They will also continue development of their trademark hybrid EV with a focus on high quality and affordable prices.
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