Toyota aiming for 40% jump in hybrid sales
01-24-07, 10:16 AM
#1
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Toyota aiming for 40% jump in hybrid sales
Wednesday 24 January 2007
Toyota has announced today that it’s aiming to increase sales of electric-hybrid vehicles by 40% this year, roughly equivalent to 430,000 cars. Last year, Toyota’s hybrid sales rose 33% and with rising fuel prices set to continue this year, the company famous for building the Prius may just reach its ambitious goal.
Reuters is reporting that production of the Prius will increase this year by 40%, to meet the expected increase in demand. Currently, hybrids account for only 1% of sales in the US, but the launch of new models is expected to increase this figure.
Most of the European carmakers are developing new ultra-clean diesel powered cars that offer better mileage rates than the Prius hybrid and cost less to maintain. Toyota last November formed an equity tie-up with truck maker Isuzu to co-develop a new range of diesels in an effort to catch up. In 2005, the company bought a stake in Fuji Heavy Industries, parent company of Subaru, to increase its production capacity in North America. Hopefully, this will lead to the introduction of a new diesel powered vehicle from Toyota to rival the Europeans.
Toyota has announced today that it’s aiming to increase sales of electric-hybrid vehicles by 40% this year, roughly equivalent to 430,000 cars. Last year, Toyota’s hybrid sales rose 33% and with rising fuel prices set to continue this year, the company famous for building the Prius may just reach its ambitious goal.
Reuters is reporting that production of the Prius will increase this year by 40%, to meet the expected increase in demand. Currently, hybrids account for only 1% of sales in the US, but the launch of new models is expected to increase this figure.
Most of the European carmakers are developing new ultra-clean diesel powered cars that offer better mileage rates than the Prius hybrid and cost less to maintain. Toyota last November formed an equity tie-up with truck maker Isuzu to co-develop a new range of diesels in an effort to catch up. In 2005, the company bought a stake in Fuji Heavy Industries, parent company of Subaru, to increase its production capacity in North America. Hopefully, this will lead to the introduction of a new diesel powered vehicle from Toyota to rival the Europeans.
01-24-07, 03:52 PM
#7
Lexus Test Driver
I'm not sure how much the LS600hL would contribute to the Hybrid sales, but the Camry and Highlander Hybrid are so wonderful. They don't look geeky like a normal hybrid does.
Toyota should try and develop a diesel/electric hybrid. Now that would be something worthwhile.
Toyota should try and develop a diesel/electric hybrid. Now that would be something worthwhile.
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01-24-07, 04:22 PM
#9
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Toyotas truck division Hino already has turbo diesel hybrid trucks for sell, they've been out quite awhile now
01-24-07, 05:56 PM
#10
problem with diesel hybrids is that you lose the luxury part of the hybrid - it will never be as quiet or luxurious and constant on/off is going to be very noticable.
even bigger problem is that diesels are a lot more expensive, so instead of paying 4-5k extra for hybid, you would end up paying 7-8k more...
not to mention that diesels, no matter how clean, are still a lot dirtier than your basic petrol vehicle...
even bigger problem is that diesels are a lot more expensive, so instead of paying 4-5k extra for hybid, you would end up paying 7-8k more...
not to mention that diesels, no matter how clean, are still a lot dirtier than your basic petrol vehicle...
01-24-07, 05:57 PM
#11
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