Toyota forecasts that by the year 2050 there would be hardly any combustion powered vehicles left, down from the current 85% of car sales and that the market would consist of hybrids, plug-in hybrids, electric and fuel cell vehicles. The Company’s roadmap includes cutting emissions from new vehicles by 22% from its 2010 level and 90% by 2050. To achieve this would mean the company has to sell around 7 million gas-electric hybrid vehicles by 2020.
It is no secret that the Company prefers the backing of fuel cell vehicles rather than committing to battery electric vehicles and therefore targets to sell at least 30,000 fuel-cell vehicles a year worldwide by around 2020. The Compay’s Mirai is the first fuel cell vehicle commercially produced.
The Japanese automaker announced that it would roll out a plug-in hybrid version of the Levin exclusively for the Chinese market by 2018 and a pure electric version of the Toyota C-HR in 2019. Production of trendsetting Prius stopped in 2015 with an upgraded version released in 2017.