The Nikkei reports that Toyota Motor Corp. (TMC) plans to make plug-in capabilities standard for Prius hybrid models slated to debut in 2014.
Prius hybrid models debuting in 2014 will come with plug-in capabilities as a standard feature. Around 2015, Toyota aims to lift global hybrid sales to around 1 million units a year, bringing the total number traveling the world’s roadways to 5 million. Since some 70% are expected to be Prius models, the automaker hopes to use the plug-in versions to tap replacement demand.
The future plug-ins will feature high-performance lithium ion batteries. Current models can travel a maximum 38km [24 miles] per liter. The fourth-generation offerings will be able to cover more than 60km [37 miles], including electricity-only mileage.
To offset the cost of the battery packs and keep pricing in line with current models, TMC will further cut prices on the high-performance motors and other core components, the report said.