Toyota shareholders have endorsed the company's board and its new electric vehicle (EV) strategy, which aims to sell 1.5 million all-electric vehicles per year by 2026 and 3.5 million annually by 2030. While some overseas institutional investors had previously agitated against the reappointment of chairman Akio Toyoda, citing concerns over the independence of the board, the company argues that its strategy of focusing on multiple fronts across hybrid, gasoline and electric vehicles helps to cater to the diverse needs of customers in different regions. Toyota has pledged to accelerate localization in its future plans.

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