Toyota Motor Corp.'s incoming president, Koji Sato, said Monday the company will develop next-generation electric vehicles in 2026 in an apparent effort to catch up with its overseas rivals, which had bet on the potential of all-electric cars earlier on.The new EV will be based on its high-end Lexus brand first, with a plan to launch all-electric versions of other vehicles later, Sato said in an online press conference."We have been preparing to make battery electric vehicles that suit Toyota and Lexus," said Sato. "The time has finally come."Toyota, the developer of the Prius, the world's …READ FULL ARTICLE
