While more EVs are coming, Sato isn’t completely abandoning the company’s focus on hybrids, like the new Prius.<\/figcaption><\/figure><\/div>\n\n\n\nTesla has made it a priority to rethink the way EVs are built \u2014 something that has shown up in the upstart brand\u2019s strong earnings.<\/p>\n\n\n\n
\u201cWe will have a wholesale change of the manufacturing process,\u201d Nakajima emphasized, adding, \u201cThe key point will be how to reduce cost. The manufacturing process itself will be totally changed. Through very drastic improvements, we would like to reduce costs.\u201d<\/p>\n\n\n\n
Eventually, Toyota hopes to halve the investment needed to bring its new products to market. But it also wants to find ways to double range without having to double the size of its EV\u2019s battery packs.<\/p>\n\n\n\n
Toyota is finishing up the first stage of Sato\u2019s plan with the launch of the bZ4X and RZ battery-electric vehiclkes. It\u2019s now entering a second phase focused on learning how to build better EVs more efficiently. The launch of the next-generation EV in 2026 will mark the start of the third phase.<\/p>\n\n\n\n
By 2030, Toyota now expects to be selling 3.5 million EVs worldwide. But based on current sales targets, that would make up barely a third of its global total. Even as the automaker works to make its battery-electric cars more appealing and efficient, Sato isn\u2019t completely abandoning his predecessor\u2019s electrification strategy. He has indicated that hybrids, PHEVs and fuel-cell vehicles will remain a critical part of Toyota\u2019s product mix well into the future.<\/p>\n","protected":false},"excerpt":{"rendered":"
Toyota’s new CEO is leading the company in a new direction when it comes to EVs, and that likely to show with the company’s next EV in October. Get details at TheDetroitBureau.com.<\/p>\n","protected":false},"author":2,"featured_media":242845,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[10,7,8,5,1164,2648,1347,9],"tags":[1325,10446,3114,543,10843],"make":[],"post-state":[],"category_old":[],"acf":[],"_links":{"self":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/242839"}],"collection":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/comments?post=242839"}],"version-history":[{"count":3,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/242839\/revisions"}],"predecessor-version":[{"id":242846,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/posts\/242839\/revisions\/242846"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media\/242845"}],"wp:attachment":[{"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/media?parent=242839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/categories?post=242839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/tags?post=242839"},{"taxonomy":"make","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/make?post=242839"},{"taxonomy":"post-state","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/post-state?post=242839"},{"taxonomy":"category_old","embeddable":true,"href":"https:\/\/thedetroitbureau.com\/wp-json\/wp\/v2\/category_old?post=242839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}