Toyota's electric charge: Japanese giant fast-forwards EV plans
Toyota has knocked five years off its electric vehicle schedule, with the Japanese giant saying the huge global demand for electrified vehicles will see them hit their targets much sooner than predicted.
Toyota had thougth that half of its global sales would be electrified by 2030, but unprecedented global demand has seen executives pull that date forward to 2025.
In fact, demand for its electrified vehicles has forced Toyota to look for new battery suppliers, with the auto behemoth eyeing China as a new supplier, with the brand's in-house resources already stretched. Toyota also confirmed it was finalising its solid-state battery technology, ahead of an expected launch in 2020.
“We consider ourselves as a maker of electric vehicle batteries, going back to when we developed the battery for the Prius,” Toyota's executive vice-president, Shigeki Terashi, told an investor briefing.
“But there may be a gap between the amount of batteries we can produce, and the amount of batteries we may need.”
Toyota says it will partner with Chinese companies Contemporary Amperex Technology Co Ltd and BYD Co Ltd for battery technology.
Toyota also used the briefing to announce plans for a new city EV; a two-seater (pictured) with a top speed of 60km/h and 100kms in real-world range.
The news comes a day after Toyota and Subaru announced new plans for a jointly develop a dedicated EV platform. The platform will be used for medium and large passenger vehicles, starting with an all-electric mid-size SUV.
"As a first step in this direction, while accelerating production by bringing together technologies that represent each company’s strengths and cooperating where possible, the two companies will jointly develop a (dedicated-EV) platform,” the press material reads.
“The platform will be developed in a way that will make it broadly applicable to multiple vehicle types, including (mid-size) and large sedans."