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June 7, 2019 Japan Times - Toyota Motor Corp. aims to have half of its global sales come from electrified vehicles by 2025, five years ahead of schedule, and has said it will tie up with Chinese battery-makers to accommodate an accelerated shift to electric power.

There “may be a gap” between Toyota’s battery needs and what it can produce, as stringent emissions regulations expected in Europe, Japan and China fuel demand, Executive Vice President Shigeki Terashi told a briefing.

Hybrid vehicle sales volumes are projected to be less than battery EV volumes by 2025, with the latter expected to still be fewer than 1 million vehicles, he said.

Note: Terashi has been head of Toyota’s Advanced R&D group since January 2018.

Toyota to tie up with China's CATL on electric vehicles, with goal of EVs making up half of...

June 7, 2019 TOKYO -- Toyota is ramping up electric vehicle deployment plans, pulling forward its goal of selling 5.5 million electrified vehicles by five years and aiming to develop a solid-state battery by next summer (i.e. summer 2020) as it races to meet a "sudden surge" of EV popularization.

Executive Vice President Shigeki Terashi, Toyota's r&d chief, outlined the new roadmap in a June 7 briefing about the company's EV plans.

"If possible, by the time we have the Olympic games next year, we would like to make sure that a solid-state battery can be unveiled to the public," Terashi said.

Indeed, Terashi cited a "sudden surge" in their popularization for revising the EV rollout.

"Progress has surpassed the target," Terashi said. "We have entered a new age."

Terashi said, adding that a new approach was crucial. "Unless we work on this at a very accelerated manner, we will not be able to ensure our future survival."

Note: Terashi has been head of Advanced R&D for Toyota...

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I've got the interest and the funds but time could be a problem. Would...