Will Toyota destroy Tesla? President of a New BEV Unit Shares His Vision

Yesterday in Tokyo, Toyota Motor held its annual general shareholders' meeting.

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and a sizable portion of it was devoted to the business' electrification plan.

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Since the market views BEVs as a crucial tool for reaching carbon neutrality, there are high expectations for them.

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The focus was on Toyota's brand-new BEV Factory EV division.

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"Enabling faster decision-making and execution," according to the goal.

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All commercial, production, and development procedures for BEVs are integrated into the new entity.

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The first next-generation BEVs from the division will hit the market in 20202.

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The first next-generation BEVs from the division will hit the market in 20202.

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and will account for 1.7 million of Toyota's projected 3.5 million BEV sales by 2030.

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