Toyota said it will launch a next-generation EV family in 2026 with double the range of its current offerings.
, who took over from Akio Toyoda on April 1. Toyoda, the grandson of Toyota founder Kiichiro Toyoda, is currently the chairman of Toyota.
In a presentation on Friday, Hiroki Nakajima, Toyota's chief technology officer, said the company is targeting annual production of 1.5 million BEVs by 2026. That's up from a target of one million by 2030 that Toyota announced in 2017. Tesla, the current leader in the EV space, produced 1.37 million BEVs in 2022, and delivered 1.31 million during the year.
Nakajima also said Toyota would introduce 10 BEVs by 2026 for both the Toyota and Lexus brands, after which the company will introduce a next-generation BEV family featuring more efficient batteries expected to increase range by a factor of two compared to Toyota's current BEVs.Toyota is investing in other technologies in its quest to reduce carbon emissions.
The latest strategy isn't hugely different to what Toyoda announced in 2021, while he was still CEO. He said the company would
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