Toyota will electrify entire vehicle lineup by 2025
The announcement from Toyota comes via a Tokyo press briefing on Monday, which elaborates on earlier comments made by the company around its intent to target China first for fully electric vehicle sales. It’s also planning to sell pure EVs in Japan, India, Europe and the U.S., the automaker says.
To help make this happen, Toyota will partner with Panasonic on battery tech, including developing next-generation, new batteries as well as current gen lithium-ion powerhouses. It’s going to invest as much as $13.3 billion through 2030 in battery development in order to help it get up to pace in the EV space.