Toyota’s incoming CEO said the automaker would release “next-generation” electric cars under the Lexus brand by 2026. This is just one part of a new strategy in development to overcome problems linked to a slow and expensive EV manufacturing process.
Toyota will also be expanding its current EV lineup, which currently consists of the bZ4X crossover SUV (which required a recall to make sure its wheels don’t fall off) and the Subaru Solterra EV built on top of Toyota’s e-TNGA flexible EV platform. Lexus has yet to release its RZ 450e SUV that’s based on the same platform.
Koji Sato, who is currently the president of Lexus, will replace Akio Toyoda as president and CEO of Toyota on April 1st. During a press conference on Monday, Sato said…
