Toyota Motor's President, Koji Sato, has reaffirmed the company's commitment to an extensive electrification strategy as a key step towards reducing carbon emissions. In a recent interview, Mr. Sato outlined Toyota 's multifaceted approach to decarbonization, which encompasses both electric and hybrid vehicles. Mr. Sato emphasized Toyota 's dedication to advancing electric and fuel cell vehicles, particularly those powered by hydrogen. He highlighted the forthcoming equilibrium between two main avenues: electricity and hydrogen. Mr. Sato firmly believes that electric vehicles have the potential to revolutionize the driving experience, making cars more captivating. He emphasized Toyota 's aspiration to engineer EVs that resonate with the craftsmanship ethos. Addressing hydrogen-powered vehicles, Mr. Sato outlined Toyota 's plan to prioritize commercial vehicles in this realm. He expressed the company's intention to stimulate hydrogen consumption, ultimat...

Mazda is planning to launch its first electric vehicle (EV) in 2027, according to CEO Masahiro Moro. The move comes as part of Mazda's efforts to accelerate its electrification strategy and catch up with global competitors. While the company introduced an electric version of its MX-30 sport utility vehicle in 2021, it was initially launched as a hybrid and not specifically designed as an EV. Mr. Moro also revealed that Mazda intends to increase the production of EV-only models starting in 2028. In collaboration with Toyota Motor, its capital alliance partner, the company aims to expedite the development of high-quality electric control equipment. Moro expressed confidence in the rapid pace of EV adoption in China, the world's largest automobile market. He stated that Mazda plans to introduce a series of EV models in China through a joint venture, starting in 2025. In the United States, Mazda recently began manufacturing the gasoline-powered CX-50 SUV at its Alabama factory ...