Toyota Planning To Triple EV Output To 600,000 Vehicles By 2025

From zerohedge.com

Make no mistake about it: the race to head up the electric vehicle war appears to be the sole objective for automakers not just in the U.S., but around the world. With that, Toyota is dramatically intensifying its focus on electric vehicles, according to a new report from Nikkei, with plans to triple its EV output by 2025 from planned production numbers for 2024. Aiming to stay competitive with EV market leaders like Tesla and BYD, Toyota has informed its primary parts suppliers that it plans to manufacture 600,000 EVs under its Toyota and Lexus brands in 2025, a significant jump from its 190,000-unit target for ... (full story)