NEWS

Toyota Becomes Eighth Automaker To Invest In IONNA’s Charging Network For BEVs

IONNA’s Charging Network Now Consists Of BMW, GM, Honda, Hyundai, Kia, Mercedes-Benz, and Stellantis

2 min read

By Michael Phoon • July 10, 2024

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Toyota and IONNA EV charging partnership (Image: Toyota)

Toyota is the next in line to announce its investment in IONNA, a high-powered charging network for battery electric vehicles (BEVs) across North America. This makes Toyota the eighth automaker to join alongside BMW, GM, Honda, Hyundai, Kia, Mercedes-Benz, and Stellantis in IONNA’s charging network.

With Toyota joining IONNA’s charging network, its goal to install at least 30,000 charging ports across North America by 2030 is further accelerated. The charging network will support both North American Charging Standard (NACS) and Combined Charging System (CCS) connectors, ensuring compatibility with all BEV models.

Ted Ogawa, President and CEO of Toyota Motor North America, expressed enthusiasm about the partnership stating, “We believe this will not only promote the adoption of BEVs and increase customer confidence in the technology, but it will provide our Toyota and Lexus customers with access to IONNA’s rapidly growing charging network in North America.”

Toyota bZ4X (Image: Toyota)

Moreover, the partnership aligns with Toyota’s electrification strategy. As of now the company presently offers two BEV models in the United States (U.S.) and Canada: the Toyota bZ4X and the Lexus RZ450e. However, Toyota has announced plans to introduce two new three-row BEV SUVs to be assembled in Kentucky and Indiana. By 2030, Toyota aims to offer 30 BEV models globally and produce up to 3.5 million BEVs annually.

While Toyota maintained its strategy focusing on hybrids and plug-in hybrids EVs (PHEVs), the company recognizes the growing importance of strong charging infrastructure in promoting BEV adoption. Regarding this, IONNA plans to bring its first batch of DC fast charging stations online in 2024 with continuous expansion throughout the decade.

Toyota’s investment in IONNA represents another addition among prominent automakers to address the key challenge in EV adoption, which is the accessibility of reliable and convenient charging infrastructure. With this in mind, Toyota and Lexus EV owners have more accessible charging on North American soil.

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