During his presentation, Toyota President Akio Toyoda announced that the company is going to roll out 30 BEV models, both passenger cars and commercial vehicles, and is anticipating sales of 3.5 million BEVs globally by 2030. The Lexus brand aims to have BEVs account for 100 percent of the total sales in Europe, North America, and China by 2030.

With that, Toyota aims to spend around 2 trillion yen to reduce the per-vehicle cost of batteries to 50 percent or less compared to what it is now. This includes the development of solid-state batteries which will power a future Lexus all-electric sportscar. This holy grail of battery technology will give it a zero to 100 km/h in about 2 seconds and a range of around 700 kilometers.

Despite this development, Toyota will not abandon other options to achieve carbon neutrality. The carmaker will adopt a multi-prong approach. They will continue to develop their combustion engine technology found in upcoming hybrid-electric vehicles moving forward. This will be deployed in developing markets where the charging infrastructure can be a challenge.