Japanese automaker Toyota will finally announce its electrification strategy in the coming months.
The Detroit Bureau reports that the company will announce its electric vehicle plans at the North American International Auto Show in Detroit to be held in January 2018.
Toyota, a pioneer of eco-friendly vehicles, has lost its image to its newer rivals such as Tesla. But now the automaker wants to pull things back. The report states that Toyota will use the event to announce plans to add dozens of electrified vehicles to its product portfolio.
No details have been revealed about the electrified vehicles, but Toyota is expected to announce several new hybrid, plug-in hybrid and electric vehicles. The new models will be added to the Toyota lineup over the next decade.
Toyota has been a bit slow to introduce electric vehicles, but now it looks like the automaker has finally made its mind to establish itself in the electric vehicle segment. Toyota is planning to challenge the likes of Tesla by introducing eco-friendly vehicles.
The first electric models from the stable of Toyota is expected to arrive in 2021, and it will be equipped with solid-state batteries. The solid-state batteries are lighter than lithium-ion batteries, and they have faster charging times.
Toyota will enter the electric vehicle segment with its range of hybrid, plug-in hybrid and all-electric models. The Japanese automaker will challenge the likes of Tesla who now leads the EV market. We have to wait until January 2018 to know more about Toyota's plans.