Toyota's ALL NEW Masterplan To SHUT DOWN The Entire Electric Vehicle Industry Changes Everythin

Toyota's ALL NEW Masterplan To SHUT DOWN The Entire Electric Vehicle Industry Changes Everything

#toyota #ev #battery

Electric vehicles are more climate-friendly and cheaper to operate than regular automobiles, so you'd probably think every carmaker would adopt them instantly. The increasing attention on renewable energy and decreasing transportation's impact on the environment and climate change is one reason conventional manufacturers are offering electric automobiles.

And even though the electric vehicle craze has grown, there are still surprisingly many corporations that have yet to reveal intentions to manufacture their own fully-electric vehicles. On the other hand, things are starting to turn around this year as some of the largest automakers in the world are now shifting their focus to electric automobiles!

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Thanks for watching our video; Toyota's ALL NEW Masterplan To SHUT DOWN The Entire Electric Vehicle Industry Changes Everything

Now, Toyota was adamantly opposed to electric vehicles for almost a decade. And the business maintained that their gasoline hybrids would be the greatest and most realistic method of reducing car emissions.

But they didn't think about how things could change in a few years. An example of this is Tesla.

A California-based start-up with hundreds of thousands of passionate followers and millions of cars on the road has risen to prominence in the last few years!

Now in December of last year, Toyota CEO Akio Toyoda unveiled his company's new and enlarged plans to increase the manufacturing of battery-electric automobiles. And there were a lot of promises of enormous output and large money.

Toyoda established a goal of 3.5 million battery-electric vehicles annually by 2030 in a 25-minute media event where Toyota and Lexus vehicles in every market group will be used to achieve this goal. Additionally, a stunning $70 billion has been pledged for electrification as a whole.

Now, what exactly does it all mean? And how can we consider the promises made by Toyota in their proper perspective, particularly when viewed through the lens of a carmaker that appears to have been pulled unwillingly toward the construction of battery-electric cars?

The amount of money manufacturers have invested in electric vehicles over the past two years is mind-blowing.

On Electrification Day last year, Stellantis announced a $35 billion global investment in EVs, which it modeled after Tesla's Battery Day. While GM and Ford engaged in one-upmanship over which Detroit automaker would invest the most in EV batteries and assembly factories here in the United States.

Additionally, several all-electric vehicles have been announced in Europe. And China intends to control the worldwide EV battery supply, much like it already dominates photovoltaic solar cells and small-format lithium-ion cells.

This was then followed by Akio Toyoda's $70-billion statement, which is more than any other OEM has ever made. The announcement made waves in the business press, and some people saw it as Toyota admitting that EVs are the way of the future.

Now, the term "electrification" has been misunderstood by the media throughout the years and does not refer to electric vehicles. Most of these will be Toyota hybrids like the ones we've seen for the past two decades or plug-in hybrid versions of the same cars.

However, Toyota has stated that it will invest $35 billion in battery-electric vehicles alone. Even if it simply puts the corporation neck-and-neck with GM, this indicates a significant increase in its earlier EV objectives.

Now, Toyota's ambitions for electric vehicles are expanding and becoming more expensive.

According to Akio Toyoda, Toyota plans to raise its battery technology spending by 500 billion yen or $4.4 billion up to 2 trillion yen. Toyota plans to invest 4 trillion yen in battery electric cars over the next five years, including capital expenditures and R&D.

Hybrid, plug-in, and fuel-cell electric vehicles, which run on hydrogen, will also get a 4 trillion yen investment from Toyota in the future.

And with this shift, Toyota now plans for EV variants for their vehicles.





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