The Japanese car company Toyota is expanding its investments in electromobility. The company plans to invest four trillion yen by 2030, the equivalent of 31 billion euros. The Volkswagen competitor announced on Tuesday. Annual sales of e-cars are expected to rise to 3.5 million by the end of the decade. In addition, according to the world’s largest car manufacturer, 30 new models with electric drives are to come onto the market by 2030. Originally there should be 15 models by 2025. Toyota plans to convert its premium brand Lexus fully to electric drives in the Chinese, North American and European markets by the end of the decade. As before, Toyota is also using hybrid drives and fuel cells as an energy source. The automaker also wants to invest four trillion yen here. Toyota joins the ranks of automakers who are pushing the expansion of the electric car business with investments of billions. For example, Volkswagen announced last week that it would invest around 52 billion euros in expanding electromobility.
E-mobility – Toyota invests billions – Economy
