Japanese automaker Toyota is preparing to launch a number of battery-powered electric vehicles across the globe in the near future. The automaker has announced that it will launch more than 10 battery-powered electric vehicles by early 2020s starting with China, along with India, US and Europe. With these vehicles, Toyota aims to sell more than 5.5 million electrified vehicles, including more than 1 million zero- emission vehicles - battery electric vehicles (BEVs), and fuel cell electric vehicles (FCEVs) by around 2030.
According to Toyota, the world's second-largest automaker by sales after Volkswagen AG , it needed to accelerate the pace of battery development as tightening global vehicle emissions regulations would require a steep increase in manufacturing capacity for more powerful batteries. Speaking on the same, Shigeki Terashi, Executive Vice President, Toyota said, "As a mass-market automaker we need to expand our offering of electric cars." He further added, "To promote the wider use of EVs, we need to increase our technical development capabilities and address the societal impact of the technology."
Announcing its 2020-2030 plans for popularization of electrified vehicles, Toyota Motor Corp made a statement saying that its strategy centres on a significant acceleration in the development and launch plans of hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), BEVs and FCEVs. The electrification will be across the entire Toyota and Lexus line-ups. The FCEV line-up will be expanded for both passenger and commercial vehicles in the 2020s, it added.
According to Toyota, by around 2025, every model in the Toyota and Lexus line-ups around the world will be available either as a dedicated electrified model or have an electrified option. This will be achieved by increasing the number of dedicated HEV, PHEV, BEV, and FCEV models and by generalizing the availability of HEV, PHEV and/or BEV options to all its models. It means that no models will be developed without an electrified version.
Apart from this, in order to increase the operation of EVs in the Indian market, Toyota has already announced plans for cooperation with compatriot Suzuki Motor Corporation to introduce electric vehicles (EVs) in India by 2020. According to the partners, they also intend to conduct a comprehensive study of activities for widespread acceptance and popular use of EVs in India.
While Maruti Suzuki announced that it would construct a lithium-ion battery plant along with its partners in Gujarat, Toyota said it has been actively developing next- generation solid-state batteries and aims to commercialize the technology by the early 2020s. Maruti Suzuki operates a manufacturing plant supplying automobiles exclusively to its Indian arm Maruti Suzuki in Gujarat.
One noticeable thing is that the announcement of promoting and launching electric vehicles has come at the time in India when the Indian government is pushing for electric vehicles, setting a target of an all-electric fleet by 2030. Hence, both the companies can expect a good support from the Indian government in order to achieve the goal of this joint venture in the country. Stay tuned to V3cars.com for further updates on the same.