Toyota Motor intends to start mass-producing electric vehicles by 2020,doing a complete U-Turn on hydrogen cars…. and what more they aim to develop EVs that can run more than 300km on a single charge.
Now Toyota has been kind of a pioneer in electric cars with its RAV4 Electric car… and they have timed it perfectly to coincide with the 2020 Tokyo Olympics, when the world will be watching Japan.
The vehicle also would be released in “KEY MARKETS” where governments are pushing for EV adoption (read INDIA). There are only 3 key markets USA, China & India and only in India has the government started to push for EV adoption (the other two had EV support for a long time now) and our government’s sudden closeness with Japan to balance out China’s rowdy ways has paved the way for things to fall right into place.
Toyota’s shift also responds to moves by rivals. Volkswagen has announced a plan to have EVs account for almost 25% of sales by 2025, up from 1% now, after an emissions-cheating scandal in the U.S. came to light last year for diesel cars, the core of the German company’s green-vehicle strategy. China’s leading EV manufacturer, BYD, is boosting production. And Tesla enjoys strong demand for its EVs, including a small sedan due out next year.