The car maker has announced its electrification plans, which include 5.5m electrified sales annually by 2030
Toyota and Lexus have announced its plans for electrification, which will include 10 pure electric models in the range by the "early 2020s".
The two brands will offer electrified versions of all its models by 2025, which will include hybrids, plug-in hybrids, pure electric and fuel-cell hydrogen models. This is the same target as announced by its main global competitor Volkswagen Group.
The car maker also stated its intention to sell more than 5.5m electrified vehicles annually by 2030, including 1m zero-emission vehicles. In 2016, Toyota sold 10.2m vehicles. Based on this figure, just over half of its sales in 2030 would be electrified.
The firm is the latest in a long line of manufacturers in the last six months which has announced its electrification plans. Volvo was the first to lay out its targets: every Volvo car launched from 2019 will have an electric motor. Jaguar Land Rover, Volkswagen Group, Mercedes and Mazda have all followed suit.
Toyota will start its pure electric vehicle sales in China first by 2022, before a "gradual introduction" to Japan, India, US and Europe.
At the Tokyo motor show in October, R&D chief Kiyotaka Ise said he expected to start rolling out a family of electric cars from 2020 – a timetable in line with Volkswagen's ambitious plans to launch a family of ID cars.
In part, the move was forced by the Chinese government's plans to set quotas of EV sales that manufacturers must hit, and there are ongoing rumours that it may launch a heavily modified CH-R crossover in China in 2019 to meet the short-term requirements there. However, in order to achieve its global EV goals it announced a partnership with Mazda and parts supplier Denso earlier this year.
Toyota also confirmed today that it hoped to commercialise solid-state batteries by the early 2020s, which would make it the first car maker to do so. Other manufacturers such as Volkswagen and Volvo have hinted that they won't introduce solid-state batteries until at least 2025. The technology, which will eventually replace the lithium-ion batteries used today, is expected to be game-changing for electric vehicles, offering around 620 miles of range.
Meanwhile, Toyota and Panasonic announced last week that it will start a feasibility study of a joint automotive prismatic battery business to produce the best automotive prismatic battery in the industry.
The Japanese company has also confirmed it will expand its fuel-cell line-up beyond the Mirai for both passenger and commercial vehicles, confirming its commitment to hydrogen alongside hybrids and pure electric models. By comparison, many manufacturers are choosing to focus on hybrids and pure electric models rather than invest in costly hydrogen vehicle development.
It will also continue growing its hybrid and plug-in hybrid line-up. For its hybrids, there will be a more powerful version of its Hybrid System II in some models. It added that "the development of simpler hybrid systems will be implemented in select models, as appropriate, to meet various customer needs".
Toyota has been at the forefront of hybrid vehicle sales since launching the Prius 20 years ago. Toyota sales of electrified vehicles have reached over 11m units worldwide to date.
The carmaker said today's announcement was a "main pillar" in its goal to reduce global average new-vehicle CO2 emissions by 90 percent from 2010 levels.
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