Barrons.com
Toyota Is Leaning Harder Into the Battery-Powered EV Market. Finally.
It feels as if Toyota Motor the pioneer of hybrid electric-vehicle technology, has been dragged kicking and screaming into the age of all-battery-powered personal transportation. On Friday, Toyota (ticker: TM) unveiled a new goal to sell1.5 million battery-electric vehicles, or BEVs, annually by 2026, coming from 10 new models. “As one of our efforts, we will do our utmost to develop next-generation BEVs for the era of BEV popularization and create new business models,” President Koji Sato said during a presentation to investors Friday.