Toyota shocks with sweeping electric car strategy
Japanese giant unveils broad assault on the car industry, investing heavily in new vehicles while keeping open to a radical future fuel.
Toyota has revealed sweeping plans for a range of electric vehicles covering almost every type of car on sale.
The Japanese giant showed off more than a dozen battery-powered concept cars overnight as part of a $100 billion green motoring investment.
It plans to introduce 30 new electric cars around the world by 2030.
The vehicles include everything from affordable hatchbacks to off-road four-wheel-drives, a luxury sedan to take on Tesla’s Model S and a Ferrari-fighting Lexus supercar.
There’s even an electric ute aimed at Ford’s F-150 Lightning and the new Rivian pickup.
Toyota’s first electric car will go on sale in 2022. Named the bZ4X, the compact SUV was developed as part of a joint venture with Subaru.
Toyota has been reluctant to commit to electric cars with the same determination as global rivals such as Volkswagen, preferring to sell hybrid machines while investing in future tech such as hydrogen fuel cells.
Looming deadlines for the end of combustion-powered vehicle sales in key markets such as Europe and California may have pushed Toyota to commit harder to electric cars.
But the company is adamant hydrogen and hybrid powered machines still have an important role to play.
Akio Toyoda, president of Toyota, said individual markets will choose which vehicles and technologies to offer to consumers, as “the energy situation varies greatly from region to region”.
“That is exactly why Toyota is committed to providing a diversified range of carbon-neutral options to meet whatever might be the needs and situations in every country and regions,” he said.
“It is not us but local markets and our customers who decide which options to choose.”
Toyota Australia president Matthew Callachor said the company is “absolutely committed to providing our customers with a range of technologies that will help them on their journey to zero emissions”, and that no-one will be left behind.
“Importantly, Toyota is not limited to a single technical solution because Australians have vastly different motoring needs, with locations from inner cities to suburbs, regional and rural areas and outback Australia,” he said.
“Australians are already buying Toyota hybrid electric vehicles in record numbers, which is significantly reducing the amount of carbon emissions. “This demonstrates their support for a cleaner, more sustainable future and affordable, practical options.”