Toyota accelerates EV plans by 5 years.

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gooki

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Toyota has started to secure battery supply from nearly all Japan and China based manufacturers. Panasonic, Toshiba, Yusa, Primearth, BYD, CATL. 10% of vehicles to be BEV or HFC by 2025.
Toyota had set the goal of more than tripling its annual sales of electrified autos from 2018 levels to at least 5.5 million by 2030, accounting for half its total sales. Hybrids and plug-in hybrids will account for 4.5 million of these while fuel-cell and full-electric vehicles will make up the rest. It now aims to achieve this goal by 2025 by tapping CATL's manufacturing capacity.
Click to expand...

https://asia.nikkei.com/Spotlight/E...na-s-CATL-and-BYD-to-power-electric-ambitions
 
A timetable to put a substantial number of BEVs and long-range PHEVs into production within 11 years (by 2030) is far, far too slow. By 2030, I think it's very likely that more than 50% of the new car market will be plug-in EVs, not merely "electrified" mild hybrids. Let's not forget that in New York City, the motorcar revolution took only about 13 years from start to finish -- that is, 13 years from almost no motor vehicles to almost no horse-drawn vehicles -- and these days the pace of change is faster.

It's good that Toyota has decided to accelerate its plans a bit, but I think they are still mostly in denial-of-reality mode. It has been at most a very few months since Toyota's CEO repeated, in public, their astoundingly clueless assertion that there is no market for battery electric vehicles!

Yup, them newfangled motorcars are just a passing fad. GET A HORSE!
:p
 
March 26, we traded-in our last Toyota, a Prius Prime, for a Model 3. In contrast, Toyota announced their new Supra:
https://toyotanews.pressroom.toyota...2020+gr+supra+inherits+great+design+genes.htm

ENGINE Turbocharged 3.0-Liter Inline-Six (Tesla Standard Range Model 3)
OUTPUT 335 Horsepower / 365 Pound-Feet (285 hp)
TRANSMISSION 8-Speed Automatic (1-Speed)
DRIVE TYPE Rear-Wheel Drive (Rear-Wheel Drive)
SPEED 0-60 MPH 4.1 Seconds (5.5 Seconds)
MAXIMUM SPEED 155 Miles Per Hour (140 Miles Per Hour)
WEIGHT 3,397 Pounds (3,711 Pounds)
FUEL ECONOMY 24 City / 31 Highway / 26 Combined (140 City / 124 Highway / 133 Combined)
SEATING CAPACITY 2 (5)
BASE PRICE $49,990 ($36,000)
AS-TESTED PRICE $55,250 ($39,000)​

The Supra does not meet our requirements.

Bob Wilson
 
Here is the kicker. Toyota is jointly developing a BEV platform with Suburu. So this platform will be there much earlier and if the market shifts considerably, Toyota has just to bring their marketing and manufacturing prowess and jump into the fray. Never underestimate Toyota, even though they are clearly late to the party.
 
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