New Lexus EVs will be released by 2026
Koji Sato, who is currently the president of Lexus, will replace Akio Toyoda as president and CEO of Toyota on April 1st. During a press conference on Monday, Sato said next-generation battery electric vehicles are the first order of business priority and that the “time is right” to develop EVs under the new team once they take over in April, which is when we should hear more concrete details.
This is coming after years of criticism over Toyota’s slow approach to electric vehicle adoption, resting on its laurels with efficient gas and hybrid cars, and being distracted by the development of hydrogen-powered vehicles.
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