Toyota is forecasting only 2.5% of its anticipated 6 million vehicle sales in Latin America in 2030 to be battery electric vehicles (BEV).
Every day, it is harder to deny electric vehicles are the next great advance in transportation. Not because governments mandate them., but because they are better than what we drive today. Yet, Toyotacontinues to workagainst this, and endangering our health and lives by encouraging their customers to create more climate changing pollution.
Toyota Motor Corp. may be splashing out around $35 billion globally on its battery-electric-car push but in Latin America, electric vehicles will only comprise about 5% of the region’s total market by 2030, the Japanese automaker’s president and chief executive officer for Latin America and the Caribbean said.
Masahiro Inoue blames a lack of government guidelines is part of the reason for the slow EV adoption.
It’s important Brazil take the lead, considering it’s “one of the rare countries that has a complete automobile industry,” Inoue said in an interview with Bloomberg News. “In the southern hemisphere only Brazil has this situation,” he added. Neighboring nations could follow what Brazil decides, whether that’s embracing a hybrid, flex-hybrid or a purely electric strategy.
Inoue sees around 6 million cars being sold in Latin America and the Caribbean, excluding Mexico, in 2030, with about half of those going to Brazil. While that represents growth of 40% compared to 2021 levels, just 5% of those cars are expected to be EVs. Around 10% may be plug-in hybrids while almost 40% will be so-called flexible-hybrid cars, or ones that have an electric engine combined with a combustion engine that can run with gasoline or ethanol.
As it shares drivetrain technology with those models, the e-Scudo gets a 134bhp electric motor and a choice of 50 or 75kWh batteries, for driving ranges of 143 and 205 miles respectively, along with 100kW rapid-charging capability for swift battery top-ups on the go.
Two main versions of the e-Scudo are being offered at launch: the short-wheelbase 50kWh battery model comes in the Tecnico trim and has an on-the-road-price of £35,720 before VAT, while the long-wheelbase 75kWh battery model comes in Business specification and is priced at £43,050 on the road, excluding VAT.
The bZ4X SUV will start from £41,950 with four specification levels: Pure, Motion, Vision and a limited Premiere Edition. A new electric four-wheel drive system called X-mode has been introduced for the model and Toyota says it gives the bZ4X “class-leading off-road driving capability”.
Entry-level Pure models are front-wheel drive only and are equipped with 18in alloy wheels, an 8.0in touchscreen multimedia system and a 7.0in digital driver’s display as standard. Other basic features include a reversing camera, keyless entry and climate control with a remote operation function.
Drivers can choose front- or four-wheel drive on the next-step Motion specification, which starts from £45,750 and gains a rear spoiler and rear privacy glass. Inside, the model is fitted with heated front seats, ambient lighting and a wireless phone-charging tray.
After coming under intense pressure, Toyota has reversed its earlier position and now says it will shift towards EVs. They are now saying they will invest approximately $35 billion on batteries and EVs over the next 10 years.
Toyota has become an electrification laggard, ceding the early lead the Prius hybrid model gave it 25 years ago. Now, after a series of announcements in September and December, it intends to spend $35 billion on batteries and electric vehicles. That’s double Nissan’s recent underwhelming target, but still shy of the 73 billion euros Volkswagen has committed.
Nonetheless, Toyoda now reckons his company can sell 4 million pure electric vehicles a year by 2030 – double the amount forecast just three months earlier. That would be impressive.
He has not, however, let go of Toyota’s love of hybrid engines. These are slated to account for another 4 million vehicles sold in nine years’ time. Toyota is also dabbling in hydrogen technology for passenger cars, even though that’s better suited to large trucks and buses. The carmaker argues such technologies can effectively reduce pollution, and was one of several that refused to support a COP26 pledge to stop selling gasoline-powered vehicles by 2040 read more . It has also lobbied hard against purely electric propulsion requirements and more stringent tailgate emissions standards, the Sierra Club points out.
Toyota will build a $1.29 billion batteryfactory in North Carolina in an effort to bring some of its electric vehicle supply chain to the US. The news comes on the heels of Toyota’s announcement that it will invest around $13.6 billion in battery tech over the next decade, including a $9 billion investment in production, as it attempts to electrify its vehicle lineup.
Toyota plans on spreading the $1.29 billion for the new factory over the next decade, but production at the facility is scheduled to begin in 2025, said Chris Reynolds, chief administrative officer for Toyota Motor North America. In the first year, Toyota plans on producing 1.2 million battery packs for its upcoming lineup of electric vehicles, Reynolds said.
“This investment, which I believe is so far the largest private capital investment in North Carolina history… will create at least 1,750 new jobs and help us develop and localize automotive battery production,” Reynolds said during a press conference, “which will pave the way for battery electric vehicles built here in the United States of America.”