Toyota To Make Plug-In Hybrid By 2010

Toyota has plans to release a plug-in hybrid by 2010 that will run on lithium-ion batteries as part of its mission to produce cleaner, more efficient cars.

The company is also working with Matsushita Electric Industrial Co to develop next generation battery technology.

Toyota president Katsuaki Watanabe thinks the auto industry has no option but to move away from petroleum. He says that Toyota will have hybrid versions for every car in its line-up somewhere between 2020 and 2029.

“Without focusing on measures to address global warming and energy issues, there can be no future for our auto business,” he told reporters in Tokyo. He added, “Our view is that oil production will peak in the near future. We need to develop power train(s) for alternative energy sources.”

Toyota’s sales of its leading hybrid, the Prius, recently topped 1 million worldwide. The third generation Prius will use NiMH batteries and is slated for a release sometime next year.

Source:
Wired

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