Toyota to launch home battery chargers for electric and plug-in hybrid cars next year

Article by Christian Andrei, on February 25, 2011

The Nikkei business daily had reported that Toyota Motor Corp., the world’s biggest automaker, will launch home battery chargers for electric and plug-in hybrid cars in 2012 as it starts selling new models of environmentally friendly cars.

Citing company sources, the Nikkei reported that the chargers, which will be compatible with non-Toyota cars, will come in two types: one would extend from the exterior wall of a home and the other would be for setting up in a garage.

The Nikkei added that Toyota expects to sell 20,000 to 30,000 units in the first year, with each costing about several tens of thousands of yen to JPY200,000 ($2,405) including installation costs.

Toyota has said it would start selling a Prius-based plug-in hybrid by early 2012 mainly in Japan, the United States and Europe, targeting sales of more than 50,000 units annually.

Such car, which unlike a conventional hybrid can be plugged in to enable longer-distance driving using only electricity, is expected to cost as little as JPY3 million in Japan, the company has said.

In the field of battery electric vehicles, Toyota plans to start selling in 2012 a model based on the tiny iQ in Japan, Europe and the United States. [via autonews - sub. required]

Topics: toyota

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