Toyota is moving into the EV space and said it's hoping to have a full electric vehicle within the next three years.

Closing Bell

Toyota Announces Plans For EVs

Toyota is going full speed ahead towards electric vehicles. Incoming Ceo koji sato hosted an event today to introduce the company's new leadership as it moves further into the E V space. Let's take a look at Toyota shares are pretty flat right now, about 1/10 of a percent. The Japanese automaker says it's committed to electrification. Saito even called himself the quote captain of the soccer team. He, he's vowing to develop a fully electric vehicle within the next three years. He noted the vehicle will be Alexis. We haven't got that information before. So yeah, Toyota also going to be offering more E V model SATo takes over as chief executive. Starting in april, the company is adopting an E V first mindset as it prioritizes the move to e v s and speak.