Toyota to increase EV models to 15, diversifying production to 5 countries

NAGOYA, Japan — Toyota Motor aims to have about 15 electric vehicle models of its own by 2027, up from five now, with a production base spanning Japan, China, the Americas and Southeast Asia, Nikkei has learned.

The world’s largest automaker plans to increase EV production to roughly 1 million vehicles by that year, seven times the 2024 level.