- Toyota claims it will sell 5 million electrified vehicles including more than 1 million zero-emission vehicles (BEVs, FCEVs) by 2030
- Toyota will invest 14 billion dollars to support the new plans
Toyota showcased a diversified fleet of passenger and commercial eco-friendlier vehicles to demonstrate its commitment to a sustainable future.
Local dealer, Al-Futtaim Automotive’s, platform offered visitors the chance to experience the company’s long-standing a hydrogen station replica to support the hydrogen-based Toyota Mirai Fuel Cell Electric Vehicle on display, in addition to Toyota Camry Hybrid Electric, Lexus ES, RX and LS Hybrid Electric, as well as Hino 300 Hybrid Electric, and Linde E20 PH Electric Forklift from Toyota Material handling.
Toyota’s electrified vehicle strategy centres on a significant acceleration in the development and launch plans of various electrified powertrains such as hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), battery electric vehicles (BEVs), and fuel cell electric vehicles (FCEVs), with the aim of selling more than 5 million electrified vehicles, including more than 1 million zero-emission vehicles (BEVs, FCEVs) by 2030.
First, Toyota will rollout battery electric vehicles in full scale from 2020 through 10 different models, then from 2025, every model in the Toyota and Lexus line-up around the world will have an electrified powertrain option. As a result, the number of models developed without an electrified version will be zero.
In order to achieve such milestones, Toyota has adopted a holistic approach covering Products, Technology and Social Infrastructure.
On the products front, Toyota will expand its lineup of battery electric vehicles to incorporate not only small vehicles but also medium and large vehicles as well as buses and trucks.
As for Fuel Cell Electric Vehicles, in addition to the Mirai introduced in 2014, Toyota Motor Corporation will expand its FCEV lineup by introducing SUVs, as well as buses and trucks and will also roll out the FCEV technology to other industries, in contribution to a low-emission hydrogen-based society.
As for the currently available and very popular Hybrid Electric powertrain, Toyota will be working on improving its mileage, cost and driving performance while also expanding the applications to models such as sports cars, trucks and high-end luxury models.
Addressing the attending industry experts, Toyota’s Miyamoto said: “Toyota has sold 12 million electrified vehicles over twenty years since we launched the Toyota Prius in 1997. This means that we have accumulated extensive knowledge for electrified vehicles and developed its underlying technologies for motor, battery, inverter, power control units and regenerative brakes. These technologies can be fully utilized for all types of electrified vehicles including PHEVs, BEVs and FCEVs. However, even with our experience over the past 20 years, the target of annual sale of 5 million electrified vehicles by 2025 is a serious challenge to achieve and in order to attain it, we must triple our production volume within half the time we spent till date. Toward 2030, Toyota will invest a total of 1.5 trillion yen or approximately 14 billion dollars to overcome such challenges.”
He also explained that the target of 1 million zero-emission vehicles is also a huge task as the battery capacity required for BEVs is approximately 50 times larger than that of HEVs.
“Batteries are a core technology of electrified vehicles and generally present limitations relating to energy density, weight, packaging, and cost. We have been actively developing next-generation solid-state batteries and we aim to commercialise the technology by the early 2020s. This all-new battery is smaller and safer with much-improved performance than the current existing batteries with the potential of drastically improving driving distance. We are also working on innovative batteries such as metal-air batteries, as we believe such breakthrough in battery development is necessary for the full-scale spread of electric vehicles,” Miyamoto concluded.
On its approach for Social Infrastructure, and in order to improve the customer convenience, Toyota is working on expanding the network of charging stations as well as developing innovative technologies such as wireless charging systems and the creation of a system to help streamline battery reuse and recycling, as well as the promotion of hydrogen refuelling stations through active cooperation and collaboration with government authorities and partner companies.