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From this recent article from investor relations company S&P Global -

"Meanwhile, Japanese carmaker Toyota is planning a late foray into the battery-electric vehicle market, according to S&P Global Market Intelligence. Despite having pioneered emissions-reducing technology in its first-generation Prius more than 20 years ago in 1997, the company doesn’t plan to produce any battery-electric vehicles within the next five years. Instead, Toyota is planning to produce 1 million battery-electric and hydrogen fuel cell car sales by 2035.

"Toyota is betting on seeing a quantum leap in its EV development and EV success from 2025 on, when its solid-state battery will arrive, and be ready for a more aggressive approach by then," Julie Boote, an analyst at Pelham Smithers, said in a research note, according to S&P Global Market Intelligence.

"One risk would be consumers in developed markets don't think of them as a [battery-electric vehicle] BEV firm but Toyota has plenty of marketing...

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