Toyota to expand Europe EV models


FILE PHOTO: A Toyota Logo is seen at a Toyota dealership in Zaventem, Belgium. REUTERS/Johanna Geron/File Photo

TOKYO: Toyota Motor says it will increase its line-up of battery electric vehicles (EV) in Europe to six models by 2026 and expects such vehicles to make up more than 20% of new car sales in the region by then.

The world’s largest automaker by sales said in a statement it expected to sell more than 250,000 battery-powered vehicles annually in Europe by 2026, as it seeks steep growth in a market where it has long been overtaken by rivals.

On top of a battery EV, the company is currently selling in Europe and a compact sport utility vehicle concept it already showcased last year, Toyota unveiled two new concepts for models that it plans to sell in the region later this decade.

Toyota is targeting sales of 1.5 million battery-powered vehicles a year globally by 2026. — Reuters

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Toyota , battery , electric vehicles , EV

   

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