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Toyota: No more gas cars from us by 2050

Staff writer |
Toyota Motor announced its plans to reduce carbon emissions by 90 percent from its production vehicles by 2050.

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By 2050, Toyota expects its product portfolio to mostly be made up of next-generation vehicles with low or zero CO2 emissions - hybrid, plug-in hybrid, electric, and fuel cell vehicles.

According to a report from The Wall Street Journal, Toyota aims to sell 1.5 million hybrid vehicles by 2020 and over 30,000 hydrogen-powered vehicles around the same time.

Currently, gasoline-powered vehicles account for around 85 percent of Toyota's annual production.

Toyota's decision comes at a time when the auto industry has been hit by Volkswagen crisis. The German car company is facing a hefty fine after it admitted last month that it installed software in diesel vehicles that deceived US environmental regulators.

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