Skip to site menu Skip to page content

Daily Newsletter

04 December 2023

Daily Newsletter

04 December 2023

Toyota plans to expand BEV line-up in Europe by 2026

Toyota EU BEV sales mix planned to be over 20% by 2026

Dani Cole December 04 2023

Toyota has announced it plans to expand its battery vehicle lineup in Europe by 2026. It says it will increase its line-up of BEVs in Europe to six models.

The details were revealed at Toyota Motor Europe’s (TME) 2023 Kenshiki event, presented by Global and European executives.

By 2026, Toyota Motor Europe (TME) will offer around 15 different zero emission vehicles under the Toyota brand from passenger cars to light commercial vehicles, when Toyota’s European BEV mix is expected to be over 20% and more than 250,000 vehicles per annum, it said in a statement.

Yoshihiro Nakata, President & CEO, Toyota Motor Europe said: “Whilst we will continue to offer multiple carbon reduction technologies, we will also steadily increase the number of zero-emissions vehicles we offer to customers”.

In Europe, Toyota’s electrified mix is at 71% and is expected to grow to 75% in 2024.

Last year, TME announced its goal of achieving full carbon neutrality in Europe by 2040.

APAC leads the Connected Vehicle Technologies market in 2023

Consumer demand for features like connected services, in-car infotainment, and ADAS has accelerated the development of connected vehicle technologies. APAC nations have made significant investments in enhancing their digital infrastructure, including the rollout of 5G networks, to provide dependable and quick communication between vehicles and the surrounding infrastructure.

Smart parking market expected to grow at a CAGR of 13.2% by 2030

Urbanization and population growth are the major drivers of the smart parking market as they have a significant impact on parking demand, traffic congestion, and the need for efficient urban infrastructure. Smart parking systems assist in optimizing the use of current parking facilities by providing real-time information on available spaces and decreasing the time and effort spent looking for parking.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close