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Toyota shifts gears: 15 New EVs and a million cars by 2027

  • Toyota plans to develop about 15 fully electric models by 2027, up from five currently.
  • Toyota aims for approximately 35% of its global production to be electric by the end of the decade.
  • The company plans to expand its production footprint to the U.S., Thailand, and Argentina, and is building a battery plant in North Carolina.
  • Toyota and Honda will not raise prices, at least over the next couple of months, following the imposition of U.S. tariffs.

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