Toyota to sell plug-in hybrid in US, Europe, Japan
Toyota is planning to sell a plug-in hybrid car in the US, Japan and Europe in 2012, targeting sales of 50,000 vehicles a year at 3 million yen ($36,000) each without subsidies, as the automaker strengthens its green lineup to keep pace with growing competition.autos Updated: Nov 18, 2010 10:37 IST
Toyota is planning to sell a plug-in hybrid car in the US, Japan and Europe in 2012, targeting sales of 50,000 vehicles a year at 3 million yen ($36,000) each without subsidies, as the automaker strengthens its green lineup to keep pace with growing competition.
Toyota Motor Corp. executive vice president Takeshi Uchiyamada said on Thursday that Toyota is also planning to sell an electric vehicle in 2012 and not just in the US as it had said before, but in Japan and Europe too. Sales in China are also being considered, he told reporters.
But he said that electric vehicles will be mainly for short commutes for some time and gasoline-electric hybrids will remain the standard for green cars because drivers won't have to worry about running out of electricity on the road.
His comments show how Toyota, the world's biggest automaker, is banking on hybrids, which switch between gasoline and electric engines, after the success of its top-selling Prius hybrid. "Toyota is working on developing hybrid technology as the core technology of the future," he said at a Tokyo Toyota showroom. He was at pains to show Toyota wasn't lagging in electric car technology, although acknowledged it had fallen behind Japanese rivals Nissan Motor Co. and Mitsubishi Motors Corp. in bringing them to market.
Nissan is delivering the Leaf electric car later in 2010, and Mitsubishi's iMiEV is already on sale.
"We are not behind in technology at all," he told reporters. Besides developing an electric car in-house, Toyota is working on an electric sport-utility vehicle with US luxury electric car maker Tesla. A concept model which is being shown at the Los Angeles Auto Show is planned for sale in the US in 2012, with a range of 100 miles on a single charge.
Uchiyamada outlined Toyota's green strategy, stressing that concerns were growing about the environment and the world's oil supply.
He said that Toyota was working on more futuristic technology as well. It will start selling a fuel cell hybrid vehicle, which runs on hydrogen, in about 2015 and is aiming for a price under 10 million yen ($122,000) or lower.
Analysts say electric vehicles and other futuristic vehicles will make up a tiny fraction of the auto market for years. Recharging stations will be needed for electric vehicles and hydrogen fueling stations will be needed if fuel cells are ever to become practical. Toyota sorely needs a boost to its image after a series of massive recalls totaling more than 11 million vehicles globally over 2009, mostly in the US, for faulty gas pedals, floor mats that can trap accelerators, defective braking and stalling engines. The maker of the Camry sedan and Lexus luxury model also faces lawsuits in the US over accidents suspected of being related to those defects. Its image, once equated with near impeccable quality, has been badly tarnished, especially after widespread criticism it was slow and reluctant to come forward with the recalls.
First Published: Nov 18, 2010 10:33 IST