By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Success Knocks | The Business MagazineSuccess Knocks | The Business MagazineSuccess Knocks | The Business Magazine
Notification Show More
  • Home
  • Industries
    • Categories
      • Cryptocurrency
      • Stock Market
      • Transport
      • Smartphone
      • IOT
      • BYOD
      • Cloud
      • Health Care
      • Construction
      • Supply Chain Mangement
      • Data Center
      • Insider
      • Fintech
      • Digital Transformation
      • Food
      • Education
      • Manufacturing
      • Software
      • Automotive
      • Social Media
      • Virtual and remote
      • Heavy Machinery
      • Artificial Intelligence
      • Electronics
      • Science
      • Health
      • Banking and Insurance
      • Big Data
      • Computer
      • Telecom
      • Cyber Security
    • Entertainment
      • Music
      • Sports
      • Media
      • Gaming
      • Fashion
      • Art
    • Business
      • Branding
      • E-commerce
      • remote work
      • Brand Management
      • Investment
      • Marketing
      • Innovation
      • Startup
      • Vision
      • Risk Management
      • Retail
  • Magazine
  • Editorial
  • Business View
  • Contact
  • Press Release
Success Knocks | The Business MagazineSuccess Knocks | The Business Magazine
  • Home
  • Industries
  • Magazine
  • Editorial
  • Business View
  • Contact
  • Press Release
Search
  • Home
  • Industries
    • Categories
    • Entertainment
    • Business
  • Magazine
  • Editorial
  • Business View
  • Contact
  • Press Release
Have an existing account? Sign In
Follow US
Success Knocks | The Business Magazine > Blog > Business > New Toyota President vows to push electric vehicles
BusinessNews

New Toyota President vows to push electric vehicles

Last updated: 2024/02/03 at 6:23 AM
Rodrigo Ferdinand Published

Toyota’s new president Koji Sato has promised what he called an aggressive shift on “electrification,” while acknowledging criticism that Japan’s top automaker has fallen behind in actual volumes of electric vehicles sold compared to its rivals.

Toyota is a leader in hybrids, which have both a gasoline engine and electric motor, and Sato stressed that different markets have varying powertrain needs, with emerging markets being slower to adopt pure electric vehicles.

But he said pure electric vehicles allow for more software functions because of their connectivity and other features, stressing that Toyota’s electric vehicles would highlight “intelligence,” such as services and entertainment.

In a press conference, Toyoda stated that “Toyota has lagged behind rivals in electric vehicle development” and that the company needs to “change faster” in order to stay competitive. He also acknowledged the increasing demand for electric vehicles, particularly in China and Europe, and the importance of addressing climate change.

As part of this new push towards electric vehicles, Toyota plans to release 15 new battery-electric models globally by 2025, including seven that will be built on a new electric platform. They also aim to have 70 electrified models available by 2025, including hybrids and plug-in hybrids.

Additionally, Toyota is investing heavily in battery technology and plans to have solid-state batteries in its electric vehicles by the early 2020s. Solid-state batteries are seen as a potential breakthrough technology that could offer a longer range and faster charging times compared to traditional lithium-ion batteries.

Overall, Toyota’s new president has made it clear that the company is committed to transitioning towards electric vehicles and keeping up with the changing demands of the automotive market.

You Might Also Like

Zuck Bucks 2025: Disrupting the AI Race Worldwide

Jeff Bezos and Lauren Sánchez Tie the Knot in Lavish Venice Wedding

Trump Addresses NATO Summit Amid Israel-Iran Ceasefire

Denis Villeneuve Set to Reinvent James Bond in Bold New Chapter

Nvidia Soars to New Heights on AI ‘Golden Wave’ Prediction

TAGGED: #AkioToyoda, #automotiveindustry, #BatteryTechnology, #electricvehicles, #EVs, #innovation #climatechange, #solidstatebatteries, #sucess, #sustainability, #Toyota, sucessknocks
Popular News
Top 5 Leaders Transforming the Real Estate Industry, 2023

Sam Primm: Breaking Barriers, Building Bridges by Transforming Transactions

Lisa Camara Lisa Camara
The Evolution of Music: From Ancient Chants to Modern Pop
Google Unveils Pixel 8 and Pixel 8 Pro: Exciting Features and Extended Support
How Meditation Can Help You Age Better, Look Younger, and Live Longer
Dr. Madeline Ann Lewis : Empowerment of Women Through Support & Grooming
- Advertisement -
Ad imageAd image

About US

SuccessKnocks is an established platform for professionals to promote their experience, expertise, and thoughts with the power of words through excellent quality articles. From our visually engaging print versions to the dynamic digital platform, we can efficiently get your message out there!

Social

Quick Links

  • Contact
  • Blog
  • Advertise
  • Editorial
  • Webstories
  • Media Kit 2025
  • Guest Post
  • Privacy Policy
© SuccessKnocks Magazine 2025. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?