Accelerating the Charge ⚡️

Category: Lexus

Toyota has become an electrification laggard

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.

Meanwhile »

  • VW has promised 100 Billion through 2026
  • Mercedes is at 40B through 2030
  • Stellantis 30B through 2025
  • GM 35B through 2025
  • Ford 30B through 2025

Antony Currie / Reuters »

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.

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Lexus has revealed the ROV Concept » a ‘luxury’ off-road buggy powered by a hydrogen-burning combustion engine

Lexus ROV Concept

Toyota continues to promote hydrogen-powered vehicles over BEV, pointing out the internal combustion engine produce instant throttle response and a ‘pleasing engine note’.

John Redfern / Motoring Research »

Lexus has revealed the ROV Concept, the company’s first hydrogen-powered vehicle.

Choosing to build an ROV (recreational off-highway vehicle) may seem a strange move for a luxury car brand. However, Lexus says it wants to bring a premium experience to the off-road domain.

More significantly, the ROV Concept demonstrates an all-new hydrogen-burning combustion engine.

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Elsewhere » The Detroit Bureau / Electric Cars Report / Green Car Congress

Toyota’s awkwardly named bZ4X to be dressed up and sold as the Lexus RZ

Lexus RZ

Motor Trend »

That Lexus EV the company was talking about last year? It’s coming, it has a name, and it’s (unsurprisingly) based on the Toyota bZ4X electric crossover, co-developed with Subaru’s Solterra. And given the close relationship with Toyota platforms and Lexus models, and the economy of scale benefits of sharing development costs with a partner like Subaru, this all makes a lot of sense. But will the resulting Lexus RZ battery-electric SUV make sense as a product?

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Elsewhere » AutocarAuto123 / CNET Roadshow / autoevolution / The Detroit Bureau / Motor Illustrated / Automotive News / Motorweek /

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