financialsense.com / OIL PRICE / 12/22/2017
Toyota Motor Corp. is making a serious commitment to bringing electrified vehicles into its fleet. The move goes against the widely held perception that the Japanese automaker was taking a very different path than other global automakers striving to become “Tesla-competitive.”
Toyota announced on December 18 that it will be electrifying all its vehicles by 2025, and hitting a target of selling 5.5 million electrified vehicles by 2030. That will include 1 million zero emission vehicles – battery electric vehicles, and fuel cell vehicles similar to the Toyota Mirai.
By 2025, the automaker will have every Toyota and Lexus model available as a dedicated electrified vehicle, or it will have an electrified option available. Electrified options include all-electric, plug-in hybrid, fuel cell, or hybrid.
More than 10 battery electric vehicle models will be available worldwide by the early 2020s. Through the end of the 2020 decade, the plug-in hybrid lineup will be expanded.
Passenger and commercial fuel cell electric vehicles will be expanded during that time period. Hybrids will receive further development through the Toyota Hybrid System II.
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