Toyota U-turns and doubles down on EV lineup

Toyota has been known for resisting the EV transition, but things are about to change big time. In a surprising move, the company announced on Tuesday that it would have 30 EV models available by 2030, aiming to sell globally 3.5 million electric vehicles by the same year.  Plus… it will invest $18 billion (¥2 trillion) in battery development.  And wait for it: Toyota will fully electrify its luxury sub-brand Lexus by 2035. In fact, Lexus wants its EVs to account for 100% o