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<blockquote data-quote="Weather Man" data-source="post: 16575942" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3660710-toyota-to-launch-three-new-electrified-vehicles-for-the-us-market" target="_blank">Toyota to launch three new electrified vehicles for the U.S. market</a></p><ul> <li data-xf-list-type="ul">Toyota Motor North America (<a href="https://seekingalpha.com/symbol/TM" target="_blank">TM</a> +5.5%) <a href="https://seekingalpha.com/pr/18187871-toyota-to-debut-three-new-electrified-vehicles-for-u-s-market" target="_blank">plans</a> to launch three new electrified models – two BEVs and a PHEV in the U.S. market this year.</li> <li data-xf-list-type="ul">Toyota has over 40% share of the total alternative fuel vehicle market, which includes a 75% share of the fuel cell market and a 64% share of hybrids and plug-ins.</li> <li data-xf-list-type="ul">By 2025, its goal is to have 25% of new vehicle sales be electrified models and expects to increase it to nearly 70% by 2030.</li> <li data-xf-list-type="ul">By 2025, Toyota and Lexus models will have an electrified option globally.</li> <li data-xf-list-type="ul">"We believe the fastest way to lower greenhouse gases in the transportation sector is to offer drivers lower carbon choices that meet their needs," said Gill Pratt, chief scientist of Toyota Motor Corporation and CEO of Toyota Research Institute. "At every price point and with multiple powertrains, we can put more people in cleaner automobiles across North America to have the greatest near-term impact on total carbon emissions."</li> <li data-xf-list-type="ul">The company recently agreed to purchase power from a future Clearway Energy Group wind farm to reduce its overall carbon footprint from electricity used from the power grid.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16575942, member: 137766"] [URL='https://seekingalpha.com/news/3660710-toyota-to-launch-three-new-electrified-vehicles-for-the-us-market']Toyota to launch three new electrified vehicles for the U.S. market[/URL] [LIST] [*]Toyota Motor North America ([URL='https://seekingalpha.com/symbol/TM']TM[/URL] +5.5%) [URL='https://seekingalpha.com/pr/18187871-toyota-to-debut-three-new-electrified-vehicles-for-u-s-market']plans[/URL] to launch three new electrified models – two BEVs and a PHEV in the U.S. market this year. [*]Toyota has over 40% share of the total alternative fuel vehicle market, which includes a 75% share of the fuel cell market and a 64% share of hybrids and plug-ins. [*]By 2025, its goal is to have 25% of new vehicle sales be electrified models and expects to increase it to nearly 70% by 2030. [*]By 2025, Toyota and Lexus models will have an electrified option globally. [*]"We believe the fastest way to lower greenhouse gases in the transportation sector is to offer drivers lower carbon choices that meet their needs," said Gill Pratt, chief scientist of Toyota Motor Corporation and CEO of Toyota Research Institute. "At every price point and with multiple powertrains, we can put more people in cleaner automobiles across North America to have the greatest near-term impact on total carbon emissions." [*]The company recently agreed to purchase power from a future Clearway Energy Group wind farm to reduce its overall carbon footprint from electricity used from the power grid. [/LIST] [/QUOTE]
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