Toyota Targets Global EV Production to Expand Model Offerings
Toyota is making bold moves in the electric vehicle industry. The company plans to triple its range of electric vehicle (EV) models by 2027 and increase its production to one million EVs per year. This target is seven times more than what it expects to produce in 2024, showing a strong shift in focus toward electric mobility. To support this growth, the Japanese manufacturer is expanding its EV production beyond Japan and China, where it currently builds electric cars. The automaker is setting up production in the United States, Thailand, and Argentina. This expansion is aimed at protecting the company…