TOKYO — Toyota Motor Corp. plans to show a concept version of its next-generation electric vehicle at this autumn’s Japan Mobility Show, previewing a completely reinvented and innovative car that the world’s largest automaker hopes will catapult it to the head of the global EV race.
CEO Koji Sato, in detailing the plans Wednesday, also said Toyota would invest an additional 1 trillion yen ($7.44 billion) into EV development and production through the end of the decade. That brings Toyota’s total commitment to 5 trillion yen ($37.19 billion) in the period.
The new EV, scheduled to debut in 2026, could be a super-slick sporty offering, based on a teaser image. A schematic of the all-electric car dangled by Sato depicts a wedge-shaped silhouette with a long wheelbase, tucked-down nose, raked windshield and fastback rear.