TOKYO — Toyota, responding to rivals' moves, is accelerating its electrification push to target combined global sales of 2 million battery-electric and fuel cell vehicles a year by 2030.
By then, Toyota Motor Corp. plans to sell 8 million electrified vehicles globally, including hybrids and plug-in hybrids. The goals represent a near quadrupling of the carmaker's worldwide tally in the latest fiscal year, when it sold 2.2 million electrified vehicles.
The ramp up to 8 million could represent a substantial chunk of Toyota's deliveries in 2030, given the fact it forecasts retail volume of all vehicles to reach 10.55 million this fiscal year.