Toyota speeds up electric vehicle schedule as demand heats up | Reuters


Toyota Motor Corp aims to get half of its global sales from electrified vehicles by 2025, five years ahead of schedule, and will tap Chinese battery makers to meet the accelerated global shift to electricity-powered cars.

The change illustrates the breakneck growth in the electric vehicle (EV) market, which is transforming the auto industry, and is also an acknowledgment by Japan’s top car maker that it may not be able to meet demand for batteries on its own.

Source: Toyota speeds up electric vehicle schedule as demand heats up – Reuters

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