Toyota Unveils Bold Electric Vision: 6 New EV Models And 250K Sales In Europe By 2026
Portfolio Pulse from Anan Ashraf
Toyota Motor Corp (NYSE:TM) aims to sell over 250,000 battery electric vehicles (BEVs) annually in Europe by 2026, expanding its lineup to six BEV models. At the Kenshiki forum, Toyota showcased an Urban SUV Concept and a sport crossover concept, with one model entering production in 2023 and another in 2025. Toyota's current electrified mix in Europe is 71%, expected to rise to 75% in 2024 and over 20% BEVs by 2026. This announcement follows Toyota's record global sales in October, including a 15.2% increase in Europe.
December 04, 2023 | 9:05 am
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Toyota Motor Corp plans to boost its BEV sales in Europe to over 250,000 by 2026, with a growing lineup and strong current sales figures.
Toyota's announcement of an expanded BEV lineup and sales targets in Europe is a strong positive signal for investors, indicating the company's commitment to the growing electric vehicle market. The record sales figures in October, particularly in Europe, support the company's growth trajectory and could lead to increased investor confidence in the short term.
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