Toyota Accelerates EV Push with Plans for 15 New Models and 1 Million Units by 2027

The automaker expands its global manufacturing footprint and invests in advanced technologies to compete in the fast-evolving electric vehicle market.

• Toyota will launch approximately 15 fully electric vehicle models by 2027, tripling its current lineup to meet growing global demand.
• The company aims to achieve an annual EV production target of 1 million units by 2027, marking a significant scale-up from its 2024 output of 140,000 EVs.
• To reduce tariffs and improve delivery times, Toyota is diversifying its manufacturing base to include the US, Thailand, and Argentina alongside existing production in Japan and China.
• The automaker is investing in next-generation technologies such as solid-state batteries, targeting commercialization by 2027 or 2028, with promises of faster charging and longer range.
• Toyota’s multi-pathway strategy continues to balance its EV expansion with ongoing investments in hybrids, plug-in hybrids, and hydrogen-powered vehicles to address diverse market needs.

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