Bloomberg. At the Frankfurt IAA, Toyota Executive Vice President Kazuo Okamoto said all of the company’s vehicles will eventually be based on hybrid powertrains.
Toyota also indicated that it aims to increase hybrid production by 60% in 2006 and will cut costs and prices to make them more affordable.
In the future, the cars you see from Toyota will be 100 percent hybrid. We believe that in 10 years the world will be filled with hybrids.
Okamoto declined to provide a timeline. Toyota has stated that it plans to sell 1 million hybrids a year by 2010.
Earlier, President Katsuaki Watanabe said he aims to halve the premium in price of hybrids over conventional vehicles as soon as possible.