Toyota has set a goal to sell 5.5 million electrified vehicles by 2030, including 1 million zero-emission vehicles fitted with non-gasoline powertrains, the company has announced.
As a step toward the goal, Toyota and Lexus will offer electrified versions of every vehicle in their lineup by 2025. Toyota will eventually rely on a blend of gasoline-electric hybrids, plug-in electric hybrids, battery-electric vehicles, and hydrogen fuel cell vehicles to meet the 2030 goal.
Toyota hasn't offered a battery-electric vehicle since it discontinued the RAV4 EV after the 2014 model year. However, by the early 2020s, the company plans to offer 10 such models globally. The first BEVs will arrive in China, and will gradually roll out to Japan, India, the U.S., and Europe.
In the commercial vehicle realm, Toyota plans to expand the number of hydrogen fuel cell vehicles it will offer by the early 2020s.
Toyota will also expand its gasoline-electric hybrid models with further development of the second-generation hybrid powertrain that powers the current Prius. Toyota will introduce more powerful versions of some models and develop simpler hybrid systems for other models, according to Toyota.
Toyota is working with Panasonic on a feasibility study on a joint automotive prismatic battery business with the goal of developing the "best automotive prismatic battery in the industry," according to the company.
To date, Toyota has sold more than 11 million electrified vehicles since introducing the Prius 20 years ago.