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Financial News: Lexus going all-electric

Financial News:

Lexus going all-electric

Lexus

Akio Toyoda, Toyota President announced a $70 billion plan to electrify their lineup which includes making Lexus an all-electric brand by 2035.

Expected is a rollout of 30 battery-electric vehicles launched across Toyota's brands comprising about a third of its global fleet, while hybrids, hydrogen fuel cells and internal combustion engines that burn hydrogen will also be included.

Photo: Lexus declared its EV ambitions with the LF-Z Electrified concept in March 2021. The zero-emission study paves the way for a family of electrified models with the automaker planning to launch no fewer than 10 new or improved models with an electric motor by 2025.

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Content ID: 1639500094 Created Tuesday, December 14, 2021 4:41 PM UTC by Aaron Stipkovich, Updated Saturday, December 18, 2021 2:37 AM UTC by Aaron Stipkovich.