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Specifically, Toyota’s hybrid vehicle line-up will grow — the company plans to introduce a more powerful version in some hybrid models and also to develop simpler hybrid systems for select models, and to expand its plug-in hybrid vehicle selection.
“We are working on an entire portfolio of hybrids which we have been selling since 1997, plug-in hybrids, full battery electric vehicles as well as our fuel cell vehicles,” Bob Carter, executive vice president of sales for Toyota Motor North America. said in an interview with CNBC‘s Squawk Box. “Those vehicles represent about 9 percent of our sales in 2018. We have set a goal that it will be 15 percent of our sales next year in 2020,” he said.
EcoWatch reported yesterday that Toyota first “rolled out” its electric vehicle push a year ago, but has now stepped up its goals by focusing first on more on hybrid gas-electric vehicles rather than trying to compete with Tesla in the fully electric vehicle market.
EcoWatch cited Fred Lambert, the editor in chief of the electric vehicle blog Electrek, who argued that it is “dumb” for Toyota to not focus on a mass-market EV. Lambert wrote in his blog, “If the EV market is small right now, it’s not because people don’t want to buy EVs, it’s because the industry is not manufacturing enough attractive all-electric vehicles at a decent price.”
Why This Matters:As we pointed out in another ODP story today, vehicle emissions are rising in the U.S. again — which is very bad news. This announcement by Toyota shows that even though the Trump Administration is rolling back the clean car standards, the auto industry is going to move in the right direction. Increasingly, U.S. consumers want to wean themselves off conventional gasoline cars and the market will reflect that. What is needed is a full suite of electric options — more electric vehicles of all types, sizes, configurations and prices — and more companies like Toyota, Tesla and Volvo that are moving rapidly in that direction. The future is most definitely electric.
While an Olympic medal is special in its own right, the ones being handed out at the Tokyo 2020 games come with a little extra magic. After Tokyo won its bid to host the games, the Tokyo Medal Project, called on the Japanese people to donate their old recycled old electronic gadgets such as smartphones […]
by Natasha Lasky, ODP Staff Writer A new series of bills have been introduced in Congress that aim to quell food waste. These bills — the Zero Food Waste Act, and the Cultivating Organic Matter through the Promotion of Sustainable Techniques Act (COMPOST) —will reduce food waste and in turn help create jobs, slow climate […]
Two dozen goats were unleashed in Manhattan’s Riverside park last week to get to work chomping down on invasive weeds. Crowds of spectators went to the park Wednesday to witness the ceremonial “running of the goats,” as the animals were released into the area, where they enjoyed a multi-course meal of Japanese knotweed, porcelain berry, multiflora rose, and even […]
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