An internal report suggests Toyota will ramp up production of electric cars substantially over the next two years.
The Nikkei report said the Japanese automaker was likely to step up production of battery-powered vehicles over the coming years to reach annual output of more than 600,000 vehicles in 2025.The company has previously said it targets sales of 1.
5 million EVs annually by 2026 and 3.5 million, or about one-third of current global volume, by 2030.It sought to raise EV production to about 150,000 vehicles in 2023 and gradually increase it further to the 190,000-vehicle range next year, Nikkei said.
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