Toyota announced plans to introduce 10 battery electric vehicle (BEV) models across various segments, including luxury, SUV, compact, sedan, commercial, MPV, and sports, by 2026 during its press briefing on its 2023 financial results.
Koji Sato, the CEO of the company, emphasized the introduction of hatchback EVs for ASEAN’s developing markets. Despite the lack of photos for the sedan segment, it is clear that emerging markets are still developing.
Hiroki Nakajima, vice president of Toyota, announced the launch of the 10-model lineup and the opening of a new EV manufacturing facility in April. The use of new platforms, powertrains, and technology in the upcoming EV models by 2026 was emphasized in Sato’s speech.
Toyota recently announced a restructuring of its EV business, including the dissolution of its zero-emissions vehicle (ZEV) unit and the creation of a dedicated BEV factory and organization, with the goal of selling 1.5 million BEVs by the year 2026.
Toyota still plans to provide a variety of eco-friendly powertrain options, but the advancement of EV development will now be the main priority.