Toyota Motor Corporation (TMC) said it had sold 1.52m vehicles with electrified powertrains worldwide.

That was up 8% over the record 2016 result and also achieved its Environmental Challenge 2050 target of selling more than 1.5m in a single year, three years ahead of the originally planned 2020.

TMC's cumulative sales of electrified vehicles now exceed 11.47m which the automaker claims results in reduction of more than 90m tons of CO2 compared to sales of equivalent conventional vehicles.

In just over 20 years, we have seen electrified new vehicle sales increase from under 500 sales to more than 1.5m sales," said EVP Shigeki Terashi.

TMC is now eyeing mass production of battery electric vehicles from 2020, starting in China and India, followed by Japan, the US and Europe. It also aims to further expand sales of hybrid electric vehicles in emerging markets.

Under Environmental Challenge 2050, the company aims to achieve annual electrified vehicle sales of 5.5m units by 2030. It still plans to have 10 BEV models available worldwide by the early 2020s and, from around 2025, wants an electrified version in every model range worldwide.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.