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Report: Toyota doubling hybrid output to 1.2M In 2012
23 September 2012
The Nikkei reports that Toyota Motor Corp. is expected to produce 1.2 million hybrid vehicles this year—twice the 2011 total—as it brings the vehicles into Asian markets.
Batteries and motors for hybrids can be used in electric vehicles or in a coming generation of fuel-cell cars. Toyota thus believes that lowering costs for such key components through mass production will give it an edge in developing environmentally friendly vehicles.
September 23, 2012 in Brief | Permalink | Comments (5) | TrackBack (0)
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This is really great news for hybrid and electrified vehicles. A 100% increase to 1.2 million units in a single year is a good reason to rejoice.
Higher level mass production will allow Toyota to reduce electrified vehicles price in the near future.
Posted by: HarveyD | September 23, 2012 at 07:39 AM
Lineup all the GM/US "executives" who mocked the Prius and confiscate their pensions to help cover bailouts
Posted by: kelly | September 23, 2012 at 08:01 AM
That will save plenty of gasoline without having to substitute with another energy (electricity).
Posted by: usbseawolf2000 | September 24, 2012 at 06:18 AM
Toyota's HEVs and PHEVs are leaders towards future BEVs. This step by step approach gives essential time for batteries to evolve since each technology requires one order of magnitude more e-storage.
Ex:
1. HEVs need 1+ Kwh.
2. PHEVs need 10+ Kwh.
3. Practical BEVs need 100+ Kwh of batteries.
It is normal that practical/affordable BEVs will not be common place before higher energy density, 100 Kwh batteries are mass produced at much lower cost.
Posted by: HarveyD | September 24, 2012 at 10:08 AM
Meanwhile, expect that Ford's HEV sales to skyrocket also, due to major boost and major advancement in Ford's HEV and PHEV offerings.
Posted by: Roger Pham | September 25, 2012 at 02:00 AM