Toyota to Expand Battery EV Line-up in Europe

Toyota’s Plans for Battery Electric Vehicles in Europe

Toyota has announced its intention to expand its line-up of battery electric vehicles in Europe to six models by 2026. The company expects that by then, more than 20% of new car sales in the region will be comprised of such vehicles.

Toyota’s Sales Projections in Europe

The world’s largest automaker by sales aims to sell over 250,000 battery-powered vehicles annually in Europe by 2026, seeking substantial growth in a market where it has been overtaken by rivals.

New Electric Vehicle Concepts by Toyota

In addition to the battery EV currently available in Europe and a compact SUV concept showcased last year, Toyota has unveiled two new concepts for models planned for release later this decade. One is a concept for a battery-powered small SUV set to launch in Europe in 2024, and the other is a concept for a sports crossover model scheduled for introduction in 2025.

Toyota’s Global Sales Target

Toyota is targeting sales of 1.5 million battery-powered vehicles annually worldwide by 2026, indicating a strong commitment to the electric vehicle market.

Surge in Electric Car Sales in the EU

Data from the European Automobile Manufacturers Association revealed that sales of fully electric cars in the European Union (EU) increased by more than half in the first 10 months of the year compared to the same period a year earlier.

Toyota’s Market Share in the EU

Despite a slight decline in its share from the previous year, Toyota maintained the fifth-biggest total auto market share in the EU for the 10 months through October, standing at just under 7%.

Toyota’s bold steps in expanding its electric vehicle line-up demonstrate its commitment to sustainability and innovation in the automotive industry. With a strong focus on the European market, the company is poised to make significant strides in the rapidly growing electric vehicle segment.