Toyota plans to invest $2 billion to develop electric vehicles in Indonesia over the next four years, starting with hybrid vehicles. The Japanese carmaker said this month that it aimed for half its global sales to be from electric vehicles by 2025, five years ahead of schedule. It will tap Chinese battery makers to meet the accelerated global shift to electric cars. Visit Business Insider’s homepage for more stories. JAKARTA (Reuters) – Toyota plans to invest $2 billion to develop electric vehicles (EVs) in Indonesia over the next four years, starting with hybrid vehicles, Indonesia’s coordinating ministry for maritime affairs said. "From 2019 to 2023, we will progressively increase our investment to 28.3 trillion rupiah ($2 billion)," Toyota president Akio Toyoda was quoted as saying in a statement released by the ministry on Thursday. The Japanese carmaker said this month that it aimed for half its global sales to be from electric vehicles by 2025, five years ahead of schedule, and will tap Chinese battery makers to meet the accelerated global shift to electric cars. Read more: A little-known trucking startup just beat Tesla and Waymo to run driverless semi-trucks on the open road The deal was agreed at […]
Latest Articles
Everybody Clap! Endangered Seal Species Hits Comeback Milestone
Takeaways: The population of Hawaiian monk seals, found only in Hawaii, has surpassed 1500 seals.
This is higher than their number has been in...
This Parisian Hotel Is a ‘Living Building’ With a Glorious Green Facade
Takeaways: Villa M. in the south of Paris is hotel that is dramatically covered in plants.
The plant façade is intended to grow into...
No More Russian Oil: How Europe Could Cut 35% Of Its Transport Oil Demand
Takeaways: The UK and the European Union have announced plants to phase out Russian oil imports by the end of 2022.
Almost all of...
Lessons from Panda Conservation Could Help Asia’s Other, Overlooked, Bears
Takeaways: Pandas conservation efforts are largely due to the public attention they have gotten over the years which have led to significant funding to...
A Massive Solar Power Farm Will Be Built in California Desert
Takeaways: A major solar energy project, the Crimson Solar Project will be built in the Californian desert.
Once completed, it will have the capacity...
A 1,000-Pound Great White Shark just Spotted Off Coast of New Jersey
Takeaways: A 1000 pound great white shark was spotted off the coast of New Jersey.
This shark, Ironbound, has traveled an estimated 13,000 miles...