Toyota launches $70B EV push; Lexus will be all-electric brand

Toyota BEV Akio Toyoda — Toyota CEO Akio Toyoda showed the automaker's future lineup of full-electric cars including sedans, SUVs, crossovers, a pickup and battery-powered vans.

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By:

Reuters

December 14, 2021 06:53 AM

TOKYO -- Toyota committed 8 trillion yen ($70 billion) to electrify its lineup by 2030, half of it to develop a battery electric vehicle lineup, as it looks to tap a growing market for zero-emissions cars.

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