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Toyota Details 2020-2030 Hybrid, Electric Vehicle Strategy

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Volkswagen, Mercedes-Benz, General Motors, Ford, Honda: these and other manufacturers have all laid out ambitious plans regarding the electrification of their vehicle lineups in the coming year. Now it’s Toyota’s turn to announce its goals, which entails an increased commitment of resources and the introduction of new models at an accelerated pace.

Overall, the Japanese auto giant intends to sell over 5.5 million electrified vehicles by 2030, including more than 1 million zero-emission vehicles. Five years before that, every Toyota and Lexus model around the world – even the company’s trucks and SUVs – will be available in an electric or hybrid version. According to Toyota,

“Electrified vehicles, which are effective for economical consumption of fuel and promoting usage of alternative fuels, are indispensable in helping to solve current environmental issues. …Toyota aims to reduce global average new-vehicle CO2 emissions by 90 percent from 2010 levels. Today’s announcement is the main pillar of a mid-to-long-term initiative to achieve this challenge.”

In terms of battery-powered vehicles, Toyota wants to make available 10 different models globally by the beginning of the 2020s. Deployment is expected to happen first in China, expanding gradually to other markets like Japan, India, North America and Europe.

Toyota is actively developing a next generation of batteries and plans to market these by the early 2020s. As announced here previously, the automaker is also studying a partnership with Panasonic to build a battery-assembly plant and market the batteries jointly.

As for hybrid models, both plug-in and regular, the Toyota lineup will grow as well, thanks in large part to the development of the company’s Hybrid II system (currently in use in the Prius and other new-generation hybrid models), to the introduction of a more powerful version in certain models, and to the fine-tuning of simpler hybrid systems, intended for use on certain models in response to the needs of different consumers.

Lastly, Toyota says it foresees creating a system that helps lead to battery reuse and recycling, and it wants to promote the expansion of charging station networks for plug-in and hydrogen fuel-cell vehicles via active collaborations with government bodies and other energy partners.