Toyota said it would participate in the North American electric vehicle (EV) charging partnership Ionna, joining seven other automakers as an investor and founding partner of the company.
Ionna aims to build a network of at least 30,000 DC fast charging stations compatible with both NACS and CCS charge ports in Canada and the US by 2030, with the first to be installed in the second half of 2024.
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The charging network, which would be backed also by BMW, GM, Honda, Hyundai, Kia, Mercedes-Benz and Stellantis, was expected to lift the prospects for EV sales in the two countries.
Toyota Motor North America said it would join Ionna as an investor “to support the build out of its high-powered charging network for battery electric vehicles (BEVs) across North America”. The company’s status as a founding investor would ensure its customers in North America would have access to Ionna’s public network of fast chargers.
Toyota Motor North America CEO Ted Ogawa said in a statement: “We believe this will not only promote the adoption of BEVs and increase customer confidence in the technology but it will provide our customers with access to Ionna’s rapidly growing charging network in North America.”
Toyota said it currently offers two mass market BEVs in the US and Canada, the Toyota bZ4X and the Lexus RZ, and plans to add two new three-row BEV SUVs to its line, assembled locally at its Toyota Motor Manufacturing Kentucky (TMMK) and Toyota Motor Manufacturing Indiana (TMMI) plants respectively.
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By GlobalDataToyota said it aimed to have 30 BEV models in its global lines by 2030 with a combined production of 3.5m units annually.
