Hybrid vehicles expected to account for 20 percent of all global vehicle sales, says Toyota

Article by Christian Andrei, on September 16, 2011

Toyota's top engineer forecasts that by 2020, about 20% of all vehicle global sales in developing countries will be made up of hybrid vehicles, including extended-range plug-in hybrids. Toyota executive vice president Takeshi Uchiyamada, head of R&D and engineering, said that in Japan, hybrids already make up about 20% of sales each year.

However, hybrids account for 10% or less at many countries in the developing world. He didn’t say how much share Toyota will have in the total hybrid sales.

Toyota’s hybrid share in the U.S. has widened to as high as 80% but with the arrival of new rivals in the market, this figure has dropped slightly. By mid-2012, we’ll see Toyota raise its hybrid presence in all the markets in the U.S. with its promotions for the Prius V, Prius C and Prius Plug-In, says Autonews.

In addition, the Camry Hybrid wants to double its volume in the U.S. in 2012 to around 50,000 units. Uchiyamada told journalists that a hybrid version of the redesigned Yaris will set foot in Europe for the first time.

In relation to this, Toyota is considering a plan to produce hybrid parts outside of Japan. This is in response to the disruption in supply when the Japan earthquake struck and there was only one source for major parts.

Uchiyamada said that Toyota has yet to decide which U.S. suppliers to tap for the task. He said that Toyota is “entering a stage of possible local procurement” – a necessary step in order to raise its competitiveness.

Topics: hybrid, sales

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Volkswagen Group’s dieselgate saga continues, but it appears the German company would be able to get out of trouble, but it would not be unscathed. This development comes as Volkswagen...
by - January 22, 2017
When a car has been in the market for nearly six years, it loses some of its luster and its customers tend to go for the all-new model with a...
by - January 22, 2017
Remember Zenos Cars, a British carmaker that specializes in designing and building lightweight and high-performance sports cars? If you are wondering how the company is faring with their E10 lightweight...
by - January 21, 2017
Mercedes-Benz has revealed that in 2017, its series 124 coupé will be celebrating its 30th anniversary. While this itself is a significant event, it will also mean that this model...
by - January 21, 2017
BMW’s 550i xDrive has long been considered as one of the most successful business sedans in the world. For the brand, this may not be enough as it has officially...
by - January 20, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries