Toyota Plans to Double Hybrid Production By 2011
Toyota, the world's largest automaker, had said it aimed to sell 1 million models annually worldwide soon after 2010 and has been ramping up its push on hybrids, introducing the Sai sedan in Japan recently, the brand's second hybrid-only model.
Low emission hybrids have enjoyed strong sales thanks to generous subsidies and tax breaks. The Prius, Toyota's flagship hybrid, became Japan's best-selling car in 2009.
"For the foreseeable future, the focus of Toyota's (low-emission car) strategy will be on hybrids, not electric or fuel-cell cars," said Yoshihiko Tabei, chief analyst at Kazaka Securities, adding the production volume reported by the Nikkei was in line with his expectations.
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