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Toyota to Electrify All Models by 2025
Toyota Motor Corp. said earlier today it will offer plug-in hybrid and/or electric-only options for all Toyota and Lexus brand models by 2025.
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Toyota Motor Corp. said earlier today it will offer plug-in hybrid and/or electric-only options for all Toyota and Lexus brand models by 2025.
Toyota aims to debut about a dozen electrified models within five years. The company says it expects to sell 5.5 million such vehicles per year worldwide, including 1 million zero-emission vehicles powered by batteries or fuel cells. The rollout will begin in China, then spread to Japan, India Europe and the U.S.
Until this year, Toyota had planned to jump from hybrids directly to fuel cell vehicles. The company has argued that battery-powered cars cost too much, take too long to charge and lack the range most consumers expect.
But in April Toyota realized it will need less exotic battery-powered electrics in the interim to meet Chinese sales quotas for “new energy” vehicles. The rules, which were finalized in September, will require that plug-in hybrids and electrics account for the equivalent of 10% of new-car sales in China in 2019 and 12% in 2020.
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