Akio Toyoda, global president of Toyota Motor Corporation, recently laid out the company’s plans for achieving carbon neutrality, which includes fully electrifying the Lexus lineup by 2030, the automaker announced.
In addition to continuing to develop hybrids (HEVs), plug-in hybrids (PHEVs) and fuel-cell electric vehicles (FCEVs), Toyota will expand its offering of battery electric vehicles (BEVs), Toyoda said.
During the briefing, Toyoda shared several targets, including:
- By 2030, global sales of battery electric vehicles (BEVs) will reach 3.5 million vehicles annually.
- By 2030, Toyota will offer 30 BEV models across the Toyota and Lexus brands, globally, with more on the way.
- With this expanded global BEV lineup, Toyota and Lexus will offer BEVs in all segments, including sedans, SUVs, K-Cars, commercial vehicles and other segments.
To reach these targets, Toyota plans to invest approximately $70 billion globally in electrified vehicles including HEVs, PHEVs, FCEVs and BEVs, the company said. Of that amount, approximately $35 billion will be invested in BEVs starting in 2022 through 2030.
To-date, approximately 85% of Toyota’s electrified vehicles sold in North America are Toyota-branded models, the company said. Keeping pace with the changing tastes of luxury consumers, by 2030, Lexus aims to realize a full lineup of BEVs in all vehicle segments, and to have BEVs account for 100% of vehicle sales in North America, Europe and China.