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Blog - Latest News
Toyota electric car

Toyota Electric Car Line Due Earlier than Expected

June 17, 2019/in In the News/by Gray Leigh

Toyota Electric Car Line to Launch Worldwide in 2025

Most of the world’s automakers have announced electric vehicle plans. Originally, Toyota stated their line of plug-ins would hit the market in 2030. However, this has changed. The company’s executive vice president has announced the Toyota electric car line will debut in 2025.

READ: Volkswagen EV Sales Exceed Expectations

Obviously, this is great news for a number of parties. Firstly, clean energy advocates can rejoice that yet another multi-billion dollar automaker has gone green.

Secondly, Toyota stakeholders. After all, failing to transition from gas to electric vehicles could be financially disastrous. This move increases investor confidence, proving the company has a realistic understanding of where the industry is headed.

Competition in EV Space Ramps Up

Toyota electric carLastly, this move benefits consumers. Evidently, increased competition in any market brings down the cost of production. Consequently, this also reduces the retail price.

Therefore, Toyota’s 2025 line will help middle-class families enter the electric space. Granted, much can happen in 6 years. Most automakers plan to bring their own electric line to market in the early 2020s.

Nevertheless, Toyota’s restraint could benefit the company. They’ll be able to learn from various case studies of automakers who shifted from combustible to electric engines.

New Stylistic Direction for Japanese Automaker

Toyota Electric CarMoreover, the Toyota electric car line doesn’t fixate on the luxury space. Meanwhile, most competitors serve the premium market.

Consequently, Toyota escapes competition with the likes of Tesla. Granted, the American automaker has a massive headstart in the EV space.

What’s more, the concept cars in Toyota’s electric fleet are revolutionary on two fronts. Firstly, they are very sleek for a line focused on families.

Secondly, they represent a stylistic departure for Toyota.

We’ll see if this bold change pays off when the Toyota electric car line debuts in 2025.

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Ultra Lithium Inc. A team of clean energy experts with a finger on the pulse of clean energy news, ULI is a lithium exploration company with lithium holdings in Argentina, Canada and the US and gold holdings in Argentina. (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

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LATEST NEWS

  • Ultra Lithium Cuts 1.81 Percent Lithium Oxide Over 10 Meters in Channel Samples at the Forgan Lake Lithium Property Northwestern OntarioMarch 3, 2023 - 10:16 am
  • Ultra Lithium Invites Shareholders and Investment Community to Visit Booth #2353 at PDAC 2023 Toronto, March 5-8, 2023March 2, 2023 - 6:00 am
  • Ultra Lithium Assays Up To 417 PPM Lithium in Drill Hole at the Laguna Verde Brine Lithium Project in ArgentinaFebruary 28, 2023 - 4:30 am
  • Ultra Lithium Intersects 2.68 Percent Lithium Oxide at The Forgan Lake Lithium Property in Northern Ontario, CanadaFebruary 8, 2023 - 5:00 am
  • Ultra Lithium Responds to Government of Canada Critical Minerals AnnouncementNovember 4, 2022 - 4:30 am

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Laguna Verde Brine Lithium Property
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Georgia Lake Lithium Pagmatites
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Forgan Lake Lithium Pagmatites
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Ultra Resources Inc.
1120 – 789 West Pender St.
Vancouver BC V6C 1H2
Canada

Kiki Smith, CPA, CGA
Chief Financial Officer
E: [email address protected by javascript]
T: +1-778-968-1176

Afzaal Pirzada, M.Sc.(Geo), P.Geo.
Vice President, Exploration
E: [email address protected by javascript]
T: +1-778-558-4940

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