Toyota significantly raises EV sales target

Toyota Motor announced on the 14th that it has significantly raised its global sales target for pure electric vehicles (EVs) to 3.
5 million in 2030
.
By 2030, about 4 trillion yen will be invested, and the number of EV models will be increased to 30 through huge investment, which is twice the previous plan
.
Toyota had previously proposed increasing the number of EV models to 15 by 2025, and adding fuel cell vehicles (FCVs) to sales of 2 million vehicles by 2030
.
Nearly one-third of the 1 million EV sales target in 2030 will be occupied by the premium brand "Lexus"
.
A variety of models will be launched, including the EV-specific brand "bZ" series, and Lexus' sales will all be changed to EVs in 2035
.

Commentary: Major car companies are investing heavily in electric vehicles
.
General Motors plans to invest more than $3 billion to build electric vehicles in Michigan
.
Electric-car start-up Rivian Automotive plans to invest $5 billion to start building its second U.
S.
manufacturing plant in Georgia next year, betting heavily on its ability to steadily grow sales over the next few years
.