Toyota has announced its plans to produce the next generation of its famous Corolla in an all-electric (EV) version starting in 2028, alongside hybrid and internal combustion engine versions. This development represents the biggest shift in the history of the iconic car, which has sold more than 57 million units worldwide since its launch in 1966.
Multi-path platform and diverse powertrain options
According to available reports, Toyota will begin production in China through its joint venture with the state-owned Chinese FAW Group, making the new generation the first model to rely on Toyota's new "multi-path" platform. This platform is designed to support multiple options, including all-electric vehicles, hybrid vehicles, and traditional cars, with the aim of accelerating development and reducing operational costs.
Initial technical estimates indicate that the electric Corolla version will be available in single and dual-motor configurations, with an expected driving range of at least 250 miles. The hybrid version will rely on a new 1.5-liter four-cylinder engine paired with an electric motor, giving it 10% to 20% higher efficiency compared to current models.
Why does this news matter?
This strategic shift comes in light of intense competitive pressures facing Toyota in the Chinese market, where the company's sales have recorded a noticeable decline due to falling demand for internal combustion engine vehicles and traditional hybrid vehicles amid rising fuel prices. The move toward local production in China reflects a serious effort by the Japanese company to adhere to the principle of "adapt or fall behind" to keep pace with the advanced technologies of local competitors there.
Availability and target markets
The next generation of the Toyota Corolla is expected to be officially unveiled during 2027 as a 2028 model. While plans to bring the electric Corolla version to the US market remain unconfirmed for now, initial price estimates for the new models suggest that traditional versions will start around $25,000, and hybrids from $27,000, while electric and plug-in hybrid (PHEV) categories are likely to fall in the $30,000 range.