Last week the CEO of Toyota, Akio Toyoda, announced his intent to resign from his position at the beginning of the next financial year to join the company’s board as chairman. Lexus’ Chief Branding Officer, 54-year-old Koji Sato, will be promoted to lead the company going forwards. Sato’s work within the company’s Lexus unit gives us some hope that Toyota may finally see the light of day and move head-first into EVs and make up for lost time, despite Toyoda’s continued influence on the company from the position of Chairman. In contrast to Toyota’s stance towards EVs, Lexus is committed to only providing all-electric models by 2030, giving us some hope that this new leadership can steer the ship more…