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Toyota to launch two-seater ultracompact EV in 2021

Battery-powered car runs 100 km per-charge and will cost around $16,000

Toyota Motor's new two-seater ultra-compact EV to be launched in 2021 is expected to be priced around 1.6 million to 1.7 million yen, excluding subsidies. 

NAGOYA, Japan -- Toyota Motor will introduce a two-seater compact electric vehicle next year, with an initial sales target of around 100 vehicles for business clients and local governments, Nikkei has learned.

The rollout is in line with the Japanese government's plan to make all new vehicles, including minicars, either fully electric or hybrids by the mid-2030s. The launch of a new model by Toyota, which has been cautious about EVs up to now, is likely to influence the strategies of other manufacturers.

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