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Toyota Going 100% Hybrid By 2020

Posted by kdawson on from the barring-Mr.-Fusion dept.

autofan1 writes "Toyota's vice president in charge of powertrain development, Masatami Takimoto, has said cost cutting on the electric motor, battery and inverter were all showing positive results in reducing the costs of hybrid technology and that by the time Toyota's sales goal of one million hybrids annually is reached, it 'expect margins to be equal to gasoline cars.' Takimoto also made the bold claim that by 2020, hybrids will be the standard drivetrain and account for '100 percent' of Toyota's cars as they would be no more expensive to produce than a conventional vehicle."

2 of 619 comments (clear)

  1. GM Pledges to have a hybrid vehicle by 2020! by RingDev · · Score: 4, Funny

    GM today announced plans to begin planning the development of a new hybrid platform. A GM executive was quoted saying "Toyota has really got a jump on this whole 'hybrid' thing, but we're on it!" The new platform, due out in 13 years is expected to compete against the current Prius. Only time will tell if this risky endeavor will be a wise one.

    -Rick

    --
    "Most people in the U.S. wouldn't know they live in a tyrannical state if it walked up and grabbed their junk." - MyFirs
  2. In related news... by vought · · Score: 5, Funny

    GM, Chrysler and Ford announce that they'll transition to "thinking about possibly getting some of those battery-rechargey cars" into production by 2015.