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April 14, 2022

Toyota to launch first EV in Japan

Automaker's first vehicle on a dedicated EV platform.

Toyota said it would launch its new bZ4X battery-powered SUV in its home market on 12 May, as it steps up its effort to reduce its carbon footprint.

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The bZ4X is Toyota’s first vehicle on a dedicated EV platform which it developed with Subaru. It is produced at the Motomachi plant which, the automaker said, now uses CO2-free utility power derived from renewable sources.

Toyota claimed its new BEV SUV offers a power-efficiency performance of 128Wh/km, giving it a cruising range of 559km (347 miles). It is compatible with rapid DC chargers worldwide and its battery can be 80% recharged in 40 minutes.

Toyota said it would take orders for a first batch of 3,000 vehicles in May with a second order intake for around 2,000 expected early in autumn. Hence the automaker plans to produce and sell 5,000 in 2022.

The company said all bZ4X models delivered in Japan will be leased to eliminate customer concerns regarding EVs and to allow it to implement its 3Rs (Rebuild, Reuse, Recycle) battery management system.

Private customers will be able to lease the bZ4X models through the Kinto service while corporate customers will access the EV through the Rent-a-Lease and Toyota Mobility Services networks.

Batteries are guaranteed for 10 years, 200,000km (120,000 miles) at 70% capacity retention.

Free Report
img

What does the future hold for the US electric vehicles market?

The US Electric Vehicles (EV) market has established itself as one to watch. Despite China maintaining the number one spot, the US holds significant standing as one of the major EV markets, with GlobalData’s whitepaper identifying a strong growth trajectory within the forecast period. This report further analyzes the trends, market drivers, and government incentives set to influence and facilitate the market.   This report also looks beyond the US and touches on environmental concerns set to drive the EV market worldwide.   Want to find out more? This report demonstrates GlobalData Explorer’s sector analysis capabilities, showing how you can:  
  • Get historical and forecast market sizing data, with country specific insight for 22+ of the world’s largest industries
  • Track sector dealmaking activity, to view aggregate volumes, specific deals and top investors for all major deal types in M&A, Capital Raising, and Partnerships
  • Analyze news from GlobalData Explorer’s News Database – enable screening and alerts by industry, company, geography and news sentiment for filtered insight
  • Identify and track the key disruptive trends that are keeping the top digital thought leaders talking through social media analytics
  Consult this report now to find out how you and your company can benefit from our Explorer platform.
by GlobalData
Enter your details here to receive your free Report.

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