Toyota scrambles for EV reboot with eye on Tesla

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Toyota scrambles for EV reboot with eye on Tesla — via drivingdotca AutoNews ElectricVehicles

Compact Cruiser crossover and the battery-electric Crown.Advertisement 3“In order to achieve carbon neutrality,‘s own technology – as well as the work we are doing with a range of partners and suppliers – is essential,” the company said in response to questions from Reuters.The four sources declined to be identified because the plans have not been made public.

Toyota’s planning had assumed demand for EVs would not take off for several decades, the four people said.designed e-TNGA so that EVs could be produced on the same assembly line with gasoline cars and hybrids. That made sense based on the assumptionwould need to sell about 3.5 million EVs a year – roughly one-third of its current global volume – by 2030 to stay competitive, the sources said.

“What’s driving Mr Terashi’s effort is the EV’s faster-than-anticipated takeoff and rapid-fire adoptions of cutting-edge innovations by Tesla and others,” one of the people said.Article contentTerashi’s team is considering an option to prolong e-TNGA’s usefulness by coupling it with new tecnnologies, three of the sources said.

 

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