Japan’s Toyota promises more electric models, investment

By YURI KAGEYAMA
AP Business Writer

TOKYO (AP) — Japanese automaker Toyota is beefing up its electric vehicle lineup, offering 30 new fully electric models by 2030. President Akio Toyoda said Toyota plans to sell 3.5 million electric vehicles globally in 2030. That’s up from its earlier plan to sell 2 million zero emission hydrogen and battery electric vehicles a year worldwide by 2030. Toyota now sells about 10 million vehicles globally a year. Toyoda promised a full lineup of electric models called the “bz series,” short for “beyond zero.” His comments underline a determination to reverse the company’s reputation as a laggard in electric vehicles.