Toyota is slowly but surely making its move into the electric vehicle market after years of focusing more on hybrids. A Yaris sub-compact will eventually join the EV lineup, but don’t expect it to be part of Toyota’s immediate plans, as larger EVs are taking priority right now.

“This is the idea, but now it is not something we talk about,” Carlucci said. “We have deliberately decided to start [our electric car sales] in the fastest-growing segments [C, D and E]. The right moment will arrive, but this is not quite now.”