[CNBC Television] Lexus unveils its concept electric vehicle, the LF-Z Electrified
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Lexus is planning to introduce 20 new or redesigned vehicles globally by 2025, at least half of which executives say will be all-electric or electrified hybrid models. To symbolize the direction of its future vehicles, the Toyota Motor-owned luxury brand unveiled a new concept car on Tuesday called the LF-Z Electrified. Automakers use concept vehicles to gauge customer interest or show the direction of a vehicle or brand. For access to live and exclusive video from CNBC subscribe to CNBC PRO:
Lexus is planning to introduce 20 new or redesigned vehicles globally by 2025, at least half of which executives say will be all-electric or electrified hybrid models.
To symbolize the direction of its future vehicles, the Toyota Motor-owned luxury brand unveiled a new concept car Tuesday called the LF-Z Electrified.
The all-electric vehicle features many of the company’s signature design elements such as check-mark headlights and spindle grill but with new, more modern interpretations. The interior features a somewhat minimalist design aside from driver-centric cockpit screens. Many automakers have been moving to such designs, mimicking elements of EV manufacturer Tesla.
Lexus did not release performance expectations such as range, horsepower or torque. The company said by 2025 it expects its EVs to be capable of more than 370 miles and achieve 0-60 mph in three seconds. Automakers often use concept vehicles to gauge customer interest or show the future direction of a vehicle or brand.
Lexus has been slower than other brands to release all-electric vehicles after its parent company led automakers to develop hybrid vehicles following the success of the Toyota Prius.
That could change in coming years. Lexus aims to offer electrified variants of all its models by 2025, with the sales ratio of electric vehicles exceeding that of gasoline-engine vehicles.
“Electrified” can mean an all-electric vehicle or hybrids or plug-in hybrids that combine electrification with internal combustion engines. Toyota executives declined to comment on the number of each of the models or how many vehicles are slated for the U.S.
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