Toyota, Subaru, Suzuki and Mazda are backing battery Electric Vehicles (EVs) with an expected 16 million (combined) EVs produced and sold annually. 

Annually, Toyota alone produces close to 10 million EVs globally and with their encouragement, Subaru, Suzuki and Mazda will add an additional 6 million EVs to that number annually.

These manufacturing giants have joined Toyota and have entered a coalition that shares common platforms, technologies, and batteries all in the joint goal of producing EVs.

The majority of EVs will be based on a newly developed EV-platform called ‘e-TNGA’, an electric cousin of the modular ‘Toyota New Generation Architecture’.

The first EVs from this technology will be launched onto the Chinese market in 2020, followed by the rest of the world.

Because of the magnitude of the EV project, the manufacturers involved will need so many batteries that they signed a total of four additional battery suppliers: China’s CATL, China’s BYD, together with Japanese GS Yuasa and Toshiba.

If more proof was needed about the future of EVs, Toyota has also cut five years from its master plan to achieve annual global sales of 5.5 million electric and electrified vehicles.

Toyota originally had this planned for 2030, but now expect to achieve this result by 2025.

This figure will consist of 4.5 million hybrid and plug-in hybrid models and 1 million EVs and fuel-cell variety vehicles.

Source: The Drive | Toyota, Subaru, Suzuki, and Mazda Throw Their Combined 16 Million Might Behind BEVs

18 Jun 2019