TOKYO (AP) — Toyota, under new environmental targets, will be selling hardly any regular gasoline vehicles by 2050, only hybrids and fuel cells, to radically reduce emissions.
Toyota Motor Corp. announced its ambitious vision at a Tokyo museum Wednesday, promising to push governments, affiliated companies and other “stakeholders” to by 2050 reduce average emissions from Toyota cars by 90 percent compared with 2010 levels.
Electric cars weren’t part of their vision, outlined by top Toyota Motor Corp. officials at a Tokyo museum on Wednesday, striking a contrast with rivals such as Nissan Motor Co., which has banked on that zero-emissions technology.
Toyota’s commitments come at a time when the auto industry has been shaken by a scandal at Germany’s Volkswagen AG, in which it admitted it cheated on diesel emissions tests covering millions of cars.
Toyota projected its annual sales of fuel cell vehicles will reach more than 30,000 by about 2020, which is 10 times its projected figure for 2017.
Fuel cells run on hydrogen and are zero-emissions. Toyota’s Mirai fuel cell went on sale late last year. Toyota has received 1,500 orders for the Mirai in Japan, and it just went on sale in the U.S. and Europe.
Annual sales of hybrid vehicles will reach 1.5 million and by 2020 Toyota would have sold 15 million hybrids, nearly twice what it has sold so far around the world, it said.
Hybrids switch back and forth between a gasoline engine and an electric motor to deliver an efficient ride.