Toyota Will Unveil Revamped BEV Strategy, Possibly Including A New Optimized Vehicle Architecture

Summary

• The Japanese automaker may decide to maintain slower, incremental approach to introducing battery electrics (BEVs).
• Design of bZ4X, Toyota’s first BEV model in North America, compromised by reliance on TNGA architecture used primarily for internal combustion engines and gas-electric hybrids.
• Dedicated BEV architecture could create more cabin room and, if popular with consumers, eventually accelerate Toyota’s BEV model offerings.

Toyota bZ4X, first BEV for North America

Tramino/iStock Unreleased via Getty Images

Toyota Motor Corp. (NYSE:TM) has placed itself in the crosshairs of the mainstream media and environmental activists with its corporate strategy to achieve carbon neutrality by 2050, which emphasizes the sale of models using a variety of engine technologies, including gas-electric

Analyst’s Disclosure:I/we have a beneficial long position in the shares of TM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.