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According to a new Nikkei report, Toyota is now planning to build EVs in Europe for the first time. Toyota will begin producing electric vehicles at its new "mega hub" in the Czech Republic. The new factory aligns with EU rules banning new ICE car sales by 2035.
EVs make up 16% of Europe's market but only 2% in Toyota's home market. LONDON - Toyota Motor Europe NV/SA on Wednesday unveiled three electric vehicle models to be introduced soon to European markets. While other European carmakers have started turning back to developing hybrid and other engine-powered vehicles, the Toyota Motor Corp.
subsidiary hopes that expanding. Toyota's EV Bet in This Region Seems to Be Paying Off All the focus may be on newly arrived Chinese EV brands, but the continent is actually buying plenty of gas and hybrid cars. Toyota Motor Europe (TME) sold a record 1,229,038 Toyota and Lexus vehicles in 2025 (+1%).
TME's mix of electrified vehicles grew to 77%, an increase of 5%, with sales of battery electric vehicles up 46%, plug-in hybrids up 76%, and hybrids up 3%. The Toyota Hilux made its debut in Europe and, for the first time in history, it is also offered as an EV. Toyota has bad news for those interested to buy it.
