Amid new leadership changes, Toyota is reshuffling its business structure, claiming the “time is right” to accelerate battery electric vehicle (BEV) development.
Toyota plans to use its luxury brand Lexus to spearhead the approach with a full lineup of fully electric zero-emission vehicles by 2030. In particular, the automaker plans to make EV-specific parts like batteries and a dedicated platform to optimize and help expand its lineup and streamline production.
If Toyota doesn’t turn things around quickly and get on board, they will fall behind as the industry moves forward without them. Many automakers are already achieving double-digit sales (or 100% EV sales) while Toyota’s zero-emissions sales accounted for less than 1% of its total US volume.