Toyota is planning to have 30 EV models by 2030, selling 3.5 million electric vehicles globally that year. Toyota is also investing 2 trillion yen ($17.6 billion) in battery research and development to achieve such goals.
The “bz” in the recalled model’s name, as well as others in the works, stands for a “beyond zero” series, including sport-utility vehicles of all sizes, pickup trucks and sportscars, according to Toyota.
The maker of the Prius hybrid and Lexus luxury models has been seen by some critics as a straggler in pushing electric vehicles, partly because it has been so bullish, and successful, in other green technology, such as hybrids and fuel cells, as well as efficient gas engines.
Demand for electric cars is expected to continue growing, especially with gas prices soaring recently, amid worries about inflation and the war in Ukraine, and people around the world become more conscious about climate change and the environment.
Yuri Kageyama is on Twitter aat https://twitter.com/yurikageyama