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Toyota to Launch 3 EV Models in Europe This Yr to Vie with Tesla, CN Carmakers
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Toyota Motor is poised to sell three new electric vehicle (EV) models in Europe this year, as part of its strategy to bolster its lineup and vie with Tesla (TSLA.US) and Chinese automakers, according to a report by Kyodo News. Toyota stated that it originally aimed to lift its EV sales share in Europe from approximately 5% currently to 20% by 2026. However, the company now anticipates this target may be put off to 2027, citing the termination of car purchase subsidies in some countries and setbacks in the development of charging infrastructure. AAStocks Financial News |
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