Toyota plans to offer more than 10 purely electric vehicle models in its lineup by the early 2020s, marking the Japanese automaker's commitment to that growing technology sector.

Toyota Motor Corporation now offers no purely electric vehicles (EVs), although it leads in hybrid models, which switch between an electric motor and a gas engine.

Executive Vice President Shigeki Terashi said on Monday that Toyota's EVs will be first offered in China, a nation that's encouraging electric vehicles with subsidies and other policies, and is expected to drive massive growth in that technology.

Terashi says Toyota's EVs will also later be offered in Japan, India, Unites States and Europe.

The company says that by about 2025, every model it sells will have some kind of “electrified” version, such as hybrid, electric or fuel-cell.

Last week, Toyota announced it will set up a joint auto battery business with Japanese electronics maker Panasonic Corporation. Terashi stressed the deal with Panasonic is “a crucial piece” in Toyota's strategy, and that it wanted to promote a Japanese partnership.

Advances in battery technology are vital for the success of EVs. A major shift toward their use would require more use and recycling of the rare and expensive materials used in batteries, such as lithium.

Toyota announced other goals on green vehicles. By about 2030, it hopes to sell 5.5 million electrified vehicles a year. Toyota sells about 10 million vehicles globally a year.

The company said it will invest 1.5 trillion yen ($13 billion) to realise its 2030 goal, more than half of it on making batteries.

Other automakers, including Nissan Motor Corporation, Volkswagen AG and Honda Motor Corporation, offer or are working on electric vehicles. That means competition among battery makers is heating up. It is unclear whether Panasonic will emerge the victor in the race.

Toyota has generally sought to develop key technologies in-house, rather than purchasing them from outsiders. That includes know-how for computer chips and robotics, which are also expected to be pillars of growth for the auto sector in coming years.

Opinion

The Dar story continues

The Dar story continues

One wonders what the rationale was for the foreign minister — a highly demanding, full-time job — being assigned various other political responsibilities.

Editorial

Wheat protests
Updated 01 May, 2024

Wheat protests

The government should withdraw from the wheat trade gradually, replacing the existing market support mechanism with an effective new one over the next several years.
Polio drive
01 May, 2024

Polio drive

THE year’s fourth polio drive has kicked off across Pakistan, with the aim to immunise more than 24m children ...
Workers’ struggle
Updated 01 May, 2024

Workers’ struggle

Yet the struggle to secure a living wage — and decent working conditions — for the toiling masses must continue.
All this talk
Updated 30 Apr, 2024

All this talk

The other parties are equally legitimate stakeholders in the country’s political future, and it must give them due consideration.
Monetary policy
30 Apr, 2024

Monetary policy

ALIGNING its decision with the trend in developed economies, the State Bank has acted wisely by holding its key...
Meaningless appointment
30 Apr, 2024

Meaningless appointment

THE PML-N’s policy of ‘family first’ has once again triggered criticism. The party’s latest move in this...