Toyota has not been as quick as other carmakers to move towards electric vehicles but does offer some options in the category for customers. Emboldened by robust hybrid car sales, Toyota and its partners say fuel-burning engines have a role to play even as the industry shifts to battery electric cars in a global push to decarbonize. Last year, Mr Sato vowed Toyota would sell 1.5 million battery electric cars annually by 2026, and 3.5 million by 2030. Despite the detailed plans to develop new engines, Toyota said it remains committed to EVs. “It’s more about business feasibility, whether it makes economic sense,” Tetsuo Fujiniki, Subaru’s chief technology officer, said.

Source: Irish Examiner May 28, 2024 23:34 UTC