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Toyota Will Add EVs in China by 2020
Toyota Motor Corp. tells reporters it will introduce the first of a new wave of electric vehicles in China by 2020.
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Toyota Motor Corp. tells reporters it will introduce the first of a new wave of electric vehicles in China by 2020.
The company also says it may sell rebranded EVs there that are developed and supplied by its Chinese joint-venture partners. Hiroji Onishi, who heads Toyota operations in China, also vows continued development on plug-in hybrids and fuel-cell vehicles.
Bloomberg News notes that Toyota hasn’t offered an electric car in China since it stopped making and importing an electrified version of its RAV4 small crossover vehicle three years ago.
But like other carmakers, Toyota now faces impending sales quotas in China for locally produced “new-energy” vehicles. The rules will require companies that sell at least 30,000 vehicles in China to reach the equivalent of at least 10% new-energy vehicle sales by 2019 and 12% by 2020.
Toyota says it is considering a push to sell more of its Mirai fuel cell-powered sedans in China and expand its fuel cell technology to buses and other commercial vehicles.
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