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Automobiles

Toyota aims to sell 500,000 EVs in 2025, chasing VW's 3m

Still focused on hybrids, Japanese automaker tries to clear Chinese quota

Lexus unveils a concept electric vehicle at the Tokyo Motor Show in October: Toyota Motor looks to offer at least 10 EV models by 2025.   © Reuters

NAGOYA, Japan -- Toyota Motor seeks to sell 500,000 electric vehicles worldwide in 2025, Nikkei has learned, a volume that puts it far behind leading global rival Volkswagen but would satisfy environmental rules in China and Europe.

Japan's top automaker will release electric models such as the Lexus UX 300e sport utility vehicle in China and Europe this year. At least 10 new models will debut internationally by 2025.

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