Toyota sets sights high for EVs
Toyota announced its plans toward the popularization of electrified vehicles for the decade 2020-2030. The company’s electrified vehicle strategy centers on a significant acceleration in the development and launch plans of hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), battery electric vehicles (BEVs), and fuel cell electric vehicles (FCEVs).
Toyota aims to reduce global average new-vehicle CO2 emissions by 90% from 2010 levels. The announcement is the main pillar of a mid-to-long-term initiative to achieve this challenge. The plan calls for electrification across the entire Toyota and Lexus line-up:
- By around 2030, Toyota aims to have sales of more than 5.5 million electrified vehicles, including more than 1 million zero-emission vehicles (BEVs, FCEVs).
- Additionally, by around 2025, every model in the Toyota and Lexus line-up around the world will be available either as a dedicated electrified model or have an electrified option. This will be achieved by increasing the number of dedicated HEV, PHEV, BEV, and FCEV models and by generalizing the availability of HEV, PHEV and/or BEV options to all its models.
- As a result, the number of models developed without an electrified version will be zero.
In its plans for zero-emission vehicles:
- Toyota will accelerate the popularization of BEVs with more than 10 BEV models to be available worldwide by the early 2020s, starting in China, before entering other markets. Gradual introduction to Japan, India, United States, and Europe is expected.
- The FCEV line-up will be expanded for both passenger and commercial vehicles in the 2020s.
Concerning hybrid electric and plug-in hybrid electric vehicles:
- The HEV line-up will also grow, due to the further development of the Toyota Hybrid System II (featured in the current-generation Prius and other models); the introduction of a more powerful version in some models; and the development of simpler hybrid systems in select models, as appropriate, to meet customer needs.
- Toyota also aims to expand its PHEV line-up in the 2020s.
Batteries are a core technology of electrified vehicles and generally present limitations relating to energy density, weight/packaging, and cost. Toyota says it has been actively developing next-generation solid-state batteries and aims to commercialize the technology by the early 2020s. In addition, Toyota and Panasonic say they will start a feasibility study on a joint automotive prismatic battery business.
The OEM also says it aims to focus on the development of a social infrastructure conducive to the widespread adoption of electrified vehicles. This includes the creation of a system to help streamline battery reuse and recycling, as well as support of the promotion of plug-in vehicle charging stations and hydrogen refueling stations through active cooperation and collaboration with government authorities and partner companies.