Toyota will launch 10 battery-powered electric vehicles (EVs) by the 2020s, introducing them first in China and then across Japan, India, Europe and North America.
The company also aims to offer electric or hybrid configurations on its full range by 2025. Its stated objective is to sell 5.5m electrified vehicles by 2030, 1m of which will be fully electric.
The electrified models will use a range of technologies, from regular and plug-in hybrid engines to batteries and fuel cells.
Furthermore, the company said it: “aims to focus on the development of a social infrastructure conducive to the widespread adoption of electrified vehicles.
“This includes the creation of a system to help streamline battery reuse and recycling, as well as support of the promotion of plug-in vehicle charging stations and hydrogen refueling stations through active cooperation and collaboration with government authorities and partner companies.”
Toyota has been overhauling its EV strategy over the last half a year. In June, it stopped supplying batteries to Tesla and sold its stakes in the American carmaker. It then established a joint research venture with Mazda and parts manufacturer Denso, as well as forming a low-level EV partnership with Suzuki in India.
Last week, Toyota announced it would cooperate with Panasonic on developing a prismatic battery technology.