A Toyota IZOA electric car is seen during the 19th Shanghai International Automobile Industry Exhibition in Shanghai on April 19.
Mandatory Credit:	HECTOR RETAMAL/AFP/Getty Images

A Toyota IZOA electric car is seen during the 19th Shanghai International Automobile Industry Exhibition in Shanghai on April 19.
Mandatory Credit: HECTOR RETAMAL/AFP/Getty Images

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Toyota is spending $35 billion on electric cars to close gap on rivals

Toyota is pumping more than $35 billion into electric vehicles as it tries to catch up with other global automakers in the race to cleaner cars.