Toyota unveils new electric car and joins Volkswagen’s bet on electric future

Source: Toyota Motor Corp.

Toyota Motor Corp. accelerates its entry into electric vehicles with the release of its first SUV built on a new EV platform. Volkswagen AG’s dazzling bet on the future of electric cars.

The world’s largest carmaker previewed its “bZ4X”, an electric SUV that sits on its new one “E-TNGA” platform at the Shanghai Auto Show in 2021 on Monday. The vehicle is a compact SUV that resembles Toyota’s popular Rav-4, but is built on an all-new platform and features a distinctive yoke instead of a traditional steering wheel, as well as a system that can charge the car’s battery using solar -energy.

Toyota plans to introduce 15 electric vehicles, including seven ‘bZ’ series models worldwide, by 2025, Toyota Chief Technology Officer Masahiko Maeda said at a briefing on Monday. The bZ4X is the first of the “bZ” series, which stands for “more than zero,” or cars that go beyond “just zero emissions,” Toyota said.

Toyota plans to manufacture and sell the bZ4X in Japan and China worldwide by mid-2022.

Toyota’s move comes as major carmakers focus on electrification, with countries from Japan to the UK pledging to phase out petrol-only vehicles in the coming decades. Until now, Toyota hybrid heavyweight had taken a more cautious approach to electric vehicles, but that is starting to change with the latest debut. In comparison, Volkswagen, Toyota’s main global rival, announced one last month Betting $ 29 billion on new battery technology to accelerate the shift to EVs.

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