Toyota Motor Corp stated that it will be setting up an in-house unit to develop electric cars as the Japanese car manufacturer wants to speed up its efforts to produce environment-friendly vehicles.
Toyota revealed that the new unit will initially consist of four persons - one each from the car manufacturer, Toyota Industries Corporation, spare parts supplier Aisin Seiki Co and Denso Corp.
The newly formed team will be responsible for planning strategy, development and marketing of electric cars to keep up with the strict global emission norms.
The team will be expanded at a later stage by recruiting engineers, designers and personnels from various sections of Toyota group as needed.
Toyota spokesperson Itsuki Kurosu said, "Regulations on lower emissions vehicles are changing very quickly, so we also have to respond quickly."
Kurosu added, "With its small size, the new venture will be able to be more nimble in its planning and decision making, to speed up the process to develop electric cars."
Previously Toyota invested heavily hydrogen fuel-cell vehicles as it was a promising alternative to traditional cars. But this month automaker stated that it would like to have an option of developing electric cars.
Toyota has been developing ultra-compact electric cars in the past, but now it wants to add longer range electric vehicles to its global product portfolio.
As its rival firms such as Nissan, Volkswagen and Tesla Motors are already in the race to produce pure electric cars which are said to be the zero-emission vehicles of the future.
Toyota had stated that it would reserve the EVs for only short commute, as the electric vehicles are expensive. Toyota also said that by 2050 all its vehicles will be zero-emission.