The world's top-selling carmaker has said it will launch 15
battery EV (BEV) models worldwide by 2025, but so far its plans seem modest
compared with those of US automakers such as General Motors and Ford.
Toyota did not announce a price range or sales target for
the bZ4X but said joint development and procurement of core components with
affiliate Subaru would help rein in the normally high cost of producing BEVs.
The model would also initially be built on a mixed line with
gasoline-engine cars, both in Japan and China. It will be sold in Japan, North
America, China and Europe starting in mid-2022, the company said.
A latecomer to the mass BEV market, Toyota has long touted
the merits of hybrid vehicles, a category it has dominated for more than 20
years, for their lower price and accessibility and by extension, a greater role
in cutting CO2 emissions.
As governments tighten zero-emissions regulations, Toyota
has said it would invest $13.5 billion through 2030 on EV batteries and
introduce seven bZ series models by 2025. © Reuters
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