Toyota warns it 'cannot survive' as the next-gen Corolla EV becomes its make-or-break

The world’s best-selling car of all time is going electric. Toyota warned it “cannot survive” by sticking to its traditional methods as it pins its future on the next-generation Corolla EV.

When is Toyota launching the next-gen Corolla EV?

With 12 model changes and over 57 million units sold since its launch 60 years ago, the Toyota Corolla has surpassed the Volkswagen Beetle to become the world’s best-selling vehicle.

The Corolla is “a symbol of Toyota,” Akio Toyoda, the company’s current chairman and former CEO, said during an exclusive interview with Japanese media NHK.

The special broadcast that aired on Sunday, July 19, went behind the scenes at Toyota’s “top-secret” development site, where the next-generation Corolla is being built.