Toyota: No more gas cars from us by 2050
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. ■