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Toyota says all Europe sales will be zero-emission cars by 2035 -Breaking

© Reuters. FILE PHOTO – A view of Toyota’s Ultra Compact BEV, a battery electric vehicle, at the Tokyo Motor Show in Tokyo on October 24, 2019. REUTERS/Edgar Su

TOKYO, Reuters Toyota Motor (NYSE 🙂 Corp stated that new car sales in Western Europe would be emission-free by 2035. The world’s largest automaker is required to comply with stricter emission regulations in this region.

Toyota announced in a Thursday press release that by 2030 at least 50% of its model range will have zero emissions, which includes electric cars (EV), hydrogen fuel cells, and other hybrid vehicles.

Toyota will release a variety of electric cars, similar to other automakers, in order to conform with tougher emission standards on key markets, such as Western Europe.

It hasn’t, however, committed to giving up gasoline cars completely, arguing instead that not all regions are ready to switch to EVs and other propulsion technology options.

Toyota claimed that it would be able to increase its vehicle sales from 1.07 million in 2017 by selling electrified vehicles such as EVs or hybrid cars.

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Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.