Toyota’s Area 35: The cost-cutting strategy to produce 3.5 million electric vehicles, or whatever consumers desire
In order to accommodate up to 3.5 million EVs by 2030, Toyota CEO Koji Sato plans to build more capacity, which may include a production-ready version of the sporty EV concept he unveiled last October at the Japan Mobility Show in Tokyo. (Motor Corp., Toyota)
Tokyo— Electric vehicles have lagged behind in just five years. Toyota aims to increase its production capacity worldwide so that it can produce about 3.5 million EVs a year without incurring excessive costs for new plants or being mired in debt if demand unexpectedly declines.
