AutomobilesToyota to make 20% of new vehicles in Europe electric by 2026
Japanese auto group faces multiple hurdles including securing supply chains
Japanese automaker Toyota considers local production of electric vehicles important to local consumption as it makes plans to expand its European networks. (Images provided by Toyota)
TAKAYUKI YAO, KAZUHIRO NOGUCHI and EIKI HAYASHI
December 4, 2023 19:36 JST
NAGOYA/FRANKFURT -- Toyota Motor is making moves to accelerate its production of electric vehicles in Europe, increasing the share of EVs for its new car sales in that market to 20% by 2026, the head of the company's European business told Nikkei in a recent interview.