Toyota aims at 50% electric or hybrid cars in 2030

Japanese car maker Toyota aims at selling at least 50% electric, hybrid or fuel cell cars by 2030. That was confirmed by CEO Akio Toyoda at a press conference in Tokyo on Wednesday. Today the percentage is only 15%.

5,5 million cars

In total this would represent 5,5 million cars upon 2030, among which 4,5 million hybrids and 1 million full electric cars or fuel cell cars. In 2017 Toyota will roll out some 1,5 million ‘electrified’ cars, mostly hybrids, 50.000 plug-in hybrids and 3.000 hydrogen fuel cell cars. This is about 15% of 10 million Toyota cars expected to be sold worldwide.

Toyoda gave this figures at a press conference to announce the collaboration of Toyota with Panasonic to jointly develop electric car batteries.

Catching up

The Japanese car maker wants to catch up rapidly in full electric cars, after longtime favouring hybrids, being the pioneer with the Prius in 1997 and pushing hydrogen driven fuel cell cars with the Mirai from 2014.

The company already announced earlier that it will launch its first 100% electric models by 2020, starting in China and India. For the latter Toyota joined forces with fellow-Japanese company Suzuki, which already is quite popular in that market.

Bright future for electric car

End of September Toyota unveiled its agreement with Mazda and automotive supplier Denso to jointly build electric cars, that will be owned by Toyota for 90%.

Full electric cars are believed to have a bright future worldwide and in Europe and China in particular. Fuel cell cars on the other hand have difficulties to establish a market, due to their higher price and the lack of hydrogen filling stations.

Hydrogen fuel station network

On Tuesday Toyota announced the creation of a joint-venture in spring 2018 with Honda, Nissan and French hydrogen specialist Air Liquide to accelerate the construction of a hydrogen fueling station network in Japan.

Toyota vis 50% de ventes de véhicules électriques et hybrides d’ici 2030 (PDG)