The expansion will be directly related to progressing electrification, from over 50% hybrids to 90% hybrids, plug-ins and hydrogen fuel cell cars:
- 70% HEVs
- 10% PHEVs
- 10% BEVs/FCVs
The remaining 10% for a conventional powertrain will be distributed between sports cars, off-road vehicles and commercial vehicles.
Over the coming years, Toyota group will launch 40 new or updated electrified models, including "at least one plug-in hybrid car a year" by 2025.
The new models will be:
- Toyota RAV4 PHEV
- Lexus UX BEV
- Toyota Mirai (2nd model evolution)
10% of PHEVs would be 140,000 annually. Similarly 140,000 will be BEVs/PHEVs some six years from now.
Globally, Toyota aims for 500,000 EVs annually by 2025.