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Toyota to set up a new in-house company to manufacture electric cars

Snapshot: Toyota Motor Corp has stated that it would consider the option of developing full-sized electric cars keenly. However, even though rival companies like Tesla Motors, Nissan Motor Company and Volkswagen AG have presented full-electric cars, with zero emission, in the future, Toyota opine that they would consider reserving full-electric vehicles solely for short distance commuting, owing to the fact that rechargeable batteries are of high prices and have a lengthy charging time.

With the changing regulations regarding the emission policies, Toyota, the Japanese car maker has come up with the best way to cope up with the idea of setting up an in-house company, exclusively to deal with and manufacture electric cars. Last week, Toyota Motor Corp announced that it will be launching the new proposed unit by the end of 2016.

This new unit will consist of four persons and will be responsible for strategic planning, developing and marketing electric cars in order to keep up with the changing regulation of global emission. After the commencement, the new unit will expand by roping in designers, engineers and other specialists from various sections of the host company as and when required.

Toyota Motor Corp has stated that it would consider the option of developing full-sized electric cars keenly. However, even though rival companies like Tesla Motors, Nissan Motor Company and Volkswagen AG have presented full-electric cars, with zero emission, in the future, Toyota opine that they would consider reserving full-electric vehicles solely for short distance commuting, owing to the fact that rechargeable batteries are of high prices and have a lengthy charging time.

The Japanese automobile maker had, till now, a firm belief that the conventional cars would eventually and inevitably make way for hydrogen fuel cell cars. Hence, it had invested heavily of this segment of cars. The Toyota Mirai is an example of the brands ambition to get the hydrogen fuel cars on the roads. However, the automobile maker has now accepted that hydrogen fuel cars suffer from limited resources of infrastructural support. In the turn of events, it has now decided to bank on and concentrate electric vehicles, which is a much realistic option.

Toyota Motor Corp has plans to get all its vehicles into the zero emission segment by 2050.

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