Electrified vehicle sales ahead of target at Toyota
February 16, 2018
Toyota Motor Corporation (Toyota), Toyota City, Japan, reports that it sold 1.52 million vehicles with electrified drivetrains in 2017, an increase of 8% over the previous year’s electric vehicle (EV) sales. This puts the company three years ahead of the target it set in October 2015 to sell 1.5 million EVs in the year 2020, and brings cumulative EV sales over the company’s lifetime to more than 11.47 million.
Toyota’s Environmental Challenge 2050, announced in October 2015, set out the following targets for the group:
- New Vehicles Zero CO2 Emissions Challenge – reducing new-vehicle CO2 emissions by 90% by 2050 (compared to Toyota’s 2010 global average)
- Achieving annual global sales of over 30,000 fuel cell vehicles around or after 2020. In Japan, selling at least 1,000 fuel cell vehicles per month and in excess of 10,000 per year.
- Beginning sales of fuel cell buses in early 2017
- Achieving annual electrified vehicle sales of 1.5 million annually and 15 million cumulatively by 2020
- Reducing average CO2 emissions from new vehicles by more than 22% by 2020 (compared to Toyota’s 2010 global average)
In December 2017, Toyota announced that it plans to achieve annual electrified vehicle sales of 5.5 million units by 2030. To achieve this goal, the company expects to have ten BEV models available worldwide by the early 2020s, and to make available an electrified version of all vehicle models across its global lineup from 2025.
Speaking on the 2017 results, Shigeki Terashi, Executive Vice President, Toyota Motor Corporation, stated, “In just over twenty years, we have seen electrified new vehicle sales increase from under 500 sales to more than 1.5 million sales. This is a testament from our customers to the quality, durability and reliability of our electrified powertrains, and, thanks to them, has led us to establish a solid and sustainable foundation for mass producing a more diverse portfolio of electrified vehicles across our range moving forward.”
The company stated that it will now focus on the mass production of battery electric vehicles from 2020, starting in China and India, followed by Japan, the US and Europe. It also aims to further expand sales of hybrid electric vehicles in emerging markets to further contribute to lowering CO2 emissions from new vehicle sales worldwide.