at Toyota Motor seem more assured than before in their capacity to produce and market millions of electric vehicles.
Years of cautious statements from Toyota executives about when auto buyers will be ready to switch to all-electric vehicles were contrasted with the remarks and hours of presentations. The executive team of the producer was also transparent about the advancements planned for the future generation of EVs, including longer-range batteries, sleeker aerodynamics, and more productive manufacturing techniques.
Soon after assuming the position of CEO in April, Sato announced intentions to sell 1.5 million battery electric vehicles yearly and introduce 10 new EV models by 2026 as a first step towards reaching 3.5 million by 2030, a target established by his predecessor Akio Toyoda, who is now chairman. The automaker was able to reach efficiency never previously seen by integrating a battery, electric motor, and smaller combustion engine in a powertrain, giving hybrids much more range and petrol mileage than its rivals.
In the upcoming months and years, car buyers could anticipate a faster pace of product releases, according to Takero Kato, who oversees Toyota’s battery EV activities.