Toyota, which until now has largely steered clear of the EV market, has made an ambitious plan to launch 10 EV models in three years. The world’s second-largest carmaker said it is targeting annual output of 1.5 million battery electric vehicles by 2026, Reuters reported today, adding that Toyota will also invest heftily in EV battery production.
The announcement follows a top executive shift that saw the long-time president and CEO Akio Toyoda step down as of April 1, replaced by the former head of the Lexus unit of the company, Koji Sato.…OPEC+ Production Cuts Set To Weigh On Biggest Gulf Economies
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