Toyota – Annual Global Sales of  3.5Mn Battery EVs by 2030

Akio Toyoda, global president of Toyota Motor Corp., on CO2 Free Strategy – Japan Dec 14 2021. Courtesy Toyota

Ken Zino of AutoInformed.com on Toyota Annual Global Sales of 3.5M Battery EVs by 2030

Toyota plans to invest approximately $70 billion globally in electrified vehicles including HEVs, PHEVs, FCEVs and BEVs. Of that amount, approximately $35 billion will be invested in BEVs starting in 2022 through 2030. In North America, Toyota has, arguably, been the industry leader in electrified vehicles for 21 years. In 1997, Toyota launched Prius, the world’s first mass-production hybrid electric vehicle. Development of battery EVs had started before that in 1992 with the Electric Vehicle Development Division that brought he RAV4 EV to the market in 1996. During the past 26 years, Toyota has invested ~1 trillion yen and produced more than 19 million batteries.

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