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Home Climate

Toyota to Spend $35 Billion on Electric Push in an Effort to Take on Tesla

Michael Sanders by Michael Sanders
12/30/2021
in Climate
Toyota to Spend $35 Billion on Electric Push in an Effort to Take on Tesla
1
VIEWS

ToyotaEV-scaled.jpg

The auto giant’s investment target trails VW’s $58.5 billion pledge. But one analyst said Toyota seems now to have a “high level of commitment” to EVs.

By Eri Sugiura and Leo Lewis, The Financial Times

Toyota said it will pour $35bn into a shift towards electric vehicles as the world’s biggest carmaker sets itself up for direct rivalry with Tesla and joins other groups in a push for carbon neutrality.

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