Toyota Motor Corp. will introduce 10 new battery-powered models as it targets sales of 1.5 million EVs a year by 2026,
The Japanese automaker will also set up a specialized unit focusing on next-generation battery EVs.
Toyota, including its Lexus luxury brand, currently has EVs on the market, globally selling less than 25,000 of those last year.
Investors and environmental groups have criticized Toyota for being slow to embrace battery-powered cars, saying it has lost ground to Tesla Inc. and others that have more nimbly captured fast-growing demand.
Toyota CEO Koji Sato announced that they will expand their EV line-up in the next few years but would retain their hybrids as an important pillar.
EVs are now expected to make up over half of Toyota’s total worldwide vehicle production by 2030.
Toyota would increase production in the US, where the growth in EVs is outpacing that of the overall market.
Toyota’s US sales dropped by nearly 9 percent during the first quarter as General Motors Co. enjoyed an 18 percent boost, helped by greater demand for EVs from fleet and commercial customers.
US consumers making the switch to electric vehicles are largely doing so from Toyota and Honda Motor Co.


Rio Tinto Raises 2025 Copper Output Outlook as Oyu Tolgoi Expansion Accelerates
Extreme heat, flooding, wildfires – Colorado’s formerly incarcerated people on the hazards they faced behind bars
Swimming in the sweet spot: how marine animals save energy on long journeys
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data
LA fires: Fast wildfires are more destructive and harder to contain
How is Antarctica melting, exactly? Crucial details are beginning to come into focus
IKEA Expands U.S. Manufacturing Amid Rising Tariffs and Supply Chain Strategy Shift
Netflix’s Bid for Warner Bros Discovery Aims to Cut Streaming Costs and Reshape the Industry
GesiaPlatform Launches Carbon-Neutral Lifestyle App ‘Net Zero Heroes’
IKEA Launches First New Zealand Store, Marking Expansion Into Its 64th Global Market
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut
Fertile land for growing vegetables is at risk — but a scientific discovery could turn the tide
Thousands of satellites are due to burn up in the atmosphere every year – damaging the ozone layer and changing the climate
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity
Tesla Expands Affordable Model 3 Lineup in Europe to Boost EV Demand
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 



