Toyota Motor Corp. (NYSE: TM)announced on Monday that it will plan to create 10 fully battery electric vehicles as early as 2020. Toyota says it will begin in China before gradually expanding into Japan, India, United States and then Europe.
Toyota says it wants to address environmental issues such as pollution by transitioning its main focus into a greener alternative. The company lays out its plans from 2020 to 2030 planning on transitioning into hybrid, plug-in hybrid, battery electric and fuel cell electric vehicles.
By 2030, Toyota aims to have more than 5.5 million electric vehicles, including more than 1 million zero-emission battery electric vehicles. Toyota aims to have at least every Toyota and Lexus model to be a type of an electric model.
“As a mass-market automaker we need to expand our offering of electric cars,” Executive Vice President Shigeki Terashi said at a briefing in Tokyo on Monday.
Toyota and Panasonic will begin a joint project to create new electric batteries to provide the best automotive battery, also providing other automotive manufacturers with the batteries.
Toyota has also partnered with Mazda Motor and Suzuki Motor to develop electric vehicles.
Electric vehicles are becoming more and more common as countries begin to shift to an eco-friendly alternative. Vehicle emission has been a major impact to the deteriorating environment, which has also caused many auto manufacturers to also follow Toyota’s footsteps in transitioning their production lines.
Toyota has reached more than 11 million electric vehicles sold globally, and is still working on promoting the message of EVs to consumers and manufacturers.