'We want to step into new areas of business,' top executives confirmed at the Japan Mobility Show.
Toyota has long been accused of being slow to react to the rise of fully electric vehicles, but the world's biggest automaker sought to change that narrative at the Japan Mobility Show this week with an array of new EV concepts. But Toyota executives also revealed plans to enter the home charging and energy management business, much as many of its top competitors are doing.
' The executives did not elaborate on exactly what form Toyota's future charging systems will take. A Toyota North America spokesperson said the automaker has nothing yet to announce specifically. But the plan would put Toyota in line with automakers like Tesla and General Motors, which have or are releasing home energy storage products, home Level 2 chargers or systems that manage bidirectional V2H charging systems.
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