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2w ago

Toyota Unveils Plan to Launch 10 New EV Models by 2027

The automaker accelerates its electrification strategy with global production expansion and its most affordable EV debut in China.

Fully-electric Toyota Hilux Revo pickup trucks as public transportation vehicles are seen in the Thai seaside town of Pattaya, Chonburi province, Thailand, April 25, 2024. REUTERS/Artorn Pookasook/File Photo
Toyota bZ4X is the Battery Electric Vehicle
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Overview

  • Toyota will triple its global EV lineup to 15 models by 2027, addressing its slow start in the electric vehicle market.
  • Production facilities in the US, Thailand, and Argentina will support the rollout, reducing tariffs and improving delivery times.
  • The company has begun battery shipments from its first overseas in-house battery plant in North Carolina.
  • In China, Toyota launched the bZ3X, its most affordable EV model, which received over 10,000 orders in under an hour.
  • Toyota plans to produce 800,000 EVs by 2026, a significant increase from 2024 but below its original target of 1.5 million units.