Toyota Motor Corp. announced on Tuesday that it aims to sell 3.5 million electric vehicles a year globally in 2030 — part of its plan to build momentum in its push for carbon neutrality.

Toyota said it will also increase its investment in battery development to ¥2 trillion ($18 billion) from the ¥1.5 trillion previously announced and launch 30 EV models globally by 2030, President Akio Toyoda said at a press briefing.

With the announcement, Japan's largest automaker doubles the number of new EV models: the previous plan proposed 15 models by 2025.