Toyota has become the latest global auto giant to announce sweeping plans to expand its line-up of electric vehicles (EVs) and decarbonize its operations over the coming decades.
The Japanese auto giant has been facing mounting criticism in recent years over its perceived failure to match the growing number of car manufacturers to announce ambitious EV plans, as it instead sought to build on its position as a leader in the hybrid market.
However, last week it announced the launch of Toyota bZ, its newly established series of battery electric vehicles (BEVs), as it unveiled a concept version of the Toyota bZ4X at the Auto Shanghai motor show.
The move came as the company also pledged to achieve “carbon neutrality” by 2050 as part of a new “home planet” strategy. “In the course of our global business activities, Toyota will promote electrification strategies that contribute to reducing CO2 emissions throughout the entire lifecycle of a vehicle, while consulting with governments on how to improve the environment for the promotion of electrification,” the company said in a statement. “In addition, we will review and disclose information to confirm our public policy engagement activities are consistent with the long-term goals of the Paris Agreement by the end of this year, and will strive to provide enhanced information disclosure so that as many stakeholders as possible can understand our activities.”