Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Japanese carmaker Toyota has launched its electric SUV, bZ4X, in the US and will expand its electric vehicle offering to 70 models worldwide by 2025.


The company had announced in February that it would launch two battery EVs (BEV) and one plug-in hybrid EV (PHEV) in 2021, with the bzx4 launched under the former.


The future lineup will feature 15 BEV models, electric pickup trucks, and PHEVs to enable Toyota to meet its 2050 carbon neutrality goals, the company noted in a statement on Tuesday. The company wants to cut fuel model production and increase its EV production to 40pc by 2025 and to 70pc by 2030. Toyota holds 40pc of the US’ automobile production share. 

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