Toyota Will Unveil A Subsequent-Gen EV To Catch Up To Rivals

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Toyota plans to introduce a next-generation EV later this 12 months on the Japan Mobility present, previously often known as the Tokyo Motor Present. As one of many world’s largest automakers, Toyota’s arduous begin on the highway to EVs is troublesome to miss. However Toyota’s new CEO, Koji Sato, says it’s planning to catch as much as rivals with a next-gen EV constructed on a brand new platform that’ll change e-TNGA.

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Toyota’s new EV is scheduled to debut in 2026, based on Automotive Information, however the automaker will give a preview of it within the fall of this 12 months. Sato and the remainder of Toyota’s chief executives shared particulars of the corporate’s three-step plan for the EV transition, which is able to nonetheless depend on a mixture of auto applied sciences, together with hybrids, battery-powered electrical automobiles (BEVs), plug-in hybrids (PHEVs), and hydrogen-powered fuel-cell electrical automobiles (FCEVs).

Toyota continues to be reluctant to commit to at least one propulsion technique, however the firm appears much less reticent beneath Sato to dedicate extra sources to EVs. Toyota is lastly rethinking manufacturing and refocusing it on EVs with large investments into their manufacturing, per Auto Information:

CEO Koji Sato, in detailing the plans Wednesday, additionally mentioned Toyota would make investments a further 1 trillion yen ($7.44 billion) into EV improvement and manufacturing via the tip of the last decade. That brings Toyota’s whole dedication to five trillion yen ($37.19 billion) within the interval.

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On Wednesday, Sato unveiled Toyota’s newly christened in-house EV improvement middle.

Known as the “BEV Manufacturing unit,” will probably be a siloed, laser-focused operation charged with reinventing Toyota’s strategy to EVs on every thing from chassis and software program to batteries and manufacturing.

That’s what Toyota’s new three-step plan is all about; step one is already underway with the Toyota bZ lineup; step two will be building upon its current EVs and boosting production capacity to get to 1.5 million EVs globally by 2026; and step three will kick off that same year with Toyota’s next-generation EVs.

The company plans to add 10 new EVs within the next three years, to be sold under the Toyota and Lexus brands. In fact, the brief glimpse we’ve got thus far of the next-gen EV shows a sleek wedge-shaped car with Lexus badging. It even looks somewhat like the new (fantastic) Toyota Prius. The company plans to be selling 3.5 million BEVs by 2030, which is why this platform is so important.

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Toyota’s production expertise seems to have stagnated in the EV transition, so the auto maker wants to focus on the new architecture and optimize for EVs, rather than adopting an existing platform from its internal-combustion models. That means Toyota will design everything with its upcoming EVs in mind, from the chassis, to software, batteries, and, of course, the platform’s production.

Relatively new EV makers like Tesla have shaken the sleeping giant awake with streamlined production and an EV platform on the Model Y that some Toyota engineers have praised highly. But Toyota’s reputation for durability remains a goal. I guess as long as obsolescence isn’t built into Toyota’s next-gen EVs and batteries, things should be OK.

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