• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Wednesday, June 25, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Tech Automobiles

Toyota expects to reach 3.5B BEV sales by 2030

by Meghana Kandra
December 14, 2021 - Updated On December 17, 2021
in Automobiles, Cars, Electric Vehicles
Reading Time: 2 mins read
0
Toyota expects to reach 3.5B BEV sales by 2030
TwitterWhatsappLinkedin

You might also like

France Orders Tesla to Halt ‘Deceptive’ Practices Over Self-Driving Claims

Ford Hit With Lawsuit Over Allegedly Defective EcoBoost Engines

Lexus LFR Spotted Testing in California, Toyota’s Long-Awaited GR GT3-Based Road Car Edges Closer to Reality

Toyota commits to $70 billion in the electric vehicle lineup. Further announces that they expect around 3.5 billion sales of BEVs by the end of the decade. This is comparatively lower than its rivals like Volkswagen. Relatively latecomer to the EV shift goals, the company seems to be making a cautious entry into the market.

Toyota commits $70 billion to electrification but hesitant about battery-powered future
Image credits- Yahoo Finance

Speaking at a press conference in Tokyo surrounded by more than a dozen planned BEV models, Toyota CEO Akio Toyoda said his company was still pursuing a multi-pronged, carbon-reduction strategy that also includes hybrid cars and hydrogen-powered vehicles.

Toyota’s announcement comes as traditional automobile firms increasingly take on Tesla, which has become the most valuable carmaker this year. Tesla’s market value reached over $1 trillion in October, surpassing the combined value of Toyota, VW, Daimler AG, Ford Motor, and General Motors Co.

“We want to leave all people with a choice, and rather than where or what we will focus on, we will wait a little longer until we understand where the market is going,” Toyoda said.

His company’s plan to introduce a full line-up of 30 BEV’s by 2030 goes beyond the 15 models Toyota earlier said it would have available by 2025. The Japanese carmaker on Tuesday also said it planned to invest 2 trillion yen in battery production by 2030, up from the 1.5 trillion yen it announced earlier. According to a study published by the Munich Mobility Show in April, there are huge global disparities in electric vehicle ownership. Sales are soaring in the European Union, China, and the United States. But cumulative electric car registrations through 2020 in South America, with a population of more than 420 million, were below 18,000. And registrations in Africa, home to 1.2 billion people, were exclusively in South Africa and totaled just 1,509 cars through 2020. Large parts of the world are not ready for zero-emission vehicles, which is why Toyota did not sign a pledge to phase out fossil-fuel cars by 2040.

The investment includes $1.29 billion for a new battery plant in North Carolina that will begin production in 2025. EVs still only account for a small portion of car sales, but the market is growing rapidly, with new registrations up 41% in 2020 even as the global car market contracted by a sixth that year. That investment includes $1.29 billion for a new battery plant in North Carolina that will begin production in 2025.

EVs still only account for a small portion of car sales, but the market is growing rapidly, with new registrations up 41% in 2020 even as the global car market contracted by a sixth that year.

Credits- Reuters

Tags: Akio ToyodaDaimlerelectric vehiclesEuropean automakerToyotaVolkswagen
Tweet54SendShare15
Previous Post

HT Tech: Garena Free Fire redeem codes for December 14: How to get latest codes

Next Post

How to trace mobile number location

Meghana Kandra

Meghana studied PGD in Journalism, open university. She has more than five years of experience in content writing, from creative content development to online journalism. Electric vehicle enthusiast, engineer, and feminist.

Recommended For You

France Orders Tesla to Halt ‘Deceptive’ Practices Over Self-Driving Claims

by Samir Gautam
June 25, 2025
0
France Orders Tesla to Halt ‘Deceptive’ Practices Over Self-Driving Claims

In a significant move against one of the world’s most high-profile electric vehicle manufacturers, French anti-fraud authorities have ordered Tesla’s local subsidiary to cease what they call “deceptive...

Read more

Ford Hit With Lawsuit Over Allegedly Defective EcoBoost Engines

by Samir Gautam
June 25, 2025
0
Ford Hit With Lawsuit Over Allegedly Defective EcoBoost Engines

Owners Say Coolant Leaks Can Destroy Engines in Popular Ford and Lincoln Models In recent years, small turbocharged engines have gained considerable popularity, thanks to their impressive fuel...

Read more

Lexus LFR Spotted Testing in California, Toyota’s Long-Awaited GR GT3-Based Road Car Edges Closer to Reality

by Samir Gautam
June 24, 2025
0
Lexus LFR Spotted Testing in California, Toyota’s Long-Awaited GR GT3-Based Road Car Edges Closer to Reality

More than three years after Toyota unveiled the GR GT3 concept, the long-anticipated street-legal version expected to carry a Lexus badge has finally been spotted testing again, this...

Read more
Next Post
How to trace mobile number location

How to trace mobile number location

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?