Shigeki Terashi, Executive Vice President of Toyota Motor Corporation, said on Friday that the company is about five years ahead of schedule in terms of popularization of electrified vehicles. Terashi noted that much work lies ahead and added that the company will be focusing on vehicle development and the stable supply, improved durability, and reuse of batteries in its plans to popularize battery electric vehicles. He said that Toyota is steadily preparing a framework to respond to the challenge and putting all the pieces in place, including the creation of new business models.
In a statement, Toyota said its main zero-emission vehicles include fuel-cell electric vehicles (FCEVs) for passenger vehicles and commercial vehicles, and battery electric vehicles (BEVs) ranging from walking area, ultra-compact, compact, and midsize vehicles. Toyota said it is also developing mobility as a service (MaaS) initiatives.