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Do you think Toyota's plan to launch 30 EV models by 2030 will help them catch up with the rest of the industry?
The company announced a $35 billion investment in EVs in December 2021 along with an investment of equal size in hybrids and hydrogen fuel cell vehicles. As of early 2023, the company sells only one electric vehicle, the bZ4X, which it has only sold in small quantities. It has, however, said it is planning to release 30 EV models by 2030, which would be a quarter of the total number of models it currently makes.
Will it be able to catch-up with the rest of the world, or is Toyota actually in the driver’s seat by going slow in EV adoption given how small the global market share is in total vehicle sales?
Chapters:
1:43 — Chapter 1
6:43 — Chapter 2
10:25 — Chapter 3