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At a recent expo, Toyota’s Chairman, Akio Toyoda, made public the commencement of this cutting-edge engine development. The showcase included engines designed for high environmental performance and racing, with the new 1500cc engine falling into the former category. The development, spearheaded at the Kamigo Plant in Toyota City, Aichi Prefecture, aims primarily at equipping vehicles in Japan and China.
As environmental regulations on engines become increasingly stringent, HVs and PHVs are being reevaluated as viable solutions. Toyota, responding to this growing demand, is considering moving up its target of exceeding five million HV sales annually from 2026 to as early as 2025.
Through its “Multi-Pathway” strategy, Toyota is dedicated to providing vehicles that align with the energy scenarios of different regions. Even as the shift towards EVs intensifies, Toyota remains adaptable, meeting various customer needs. By 2030, EVs are expected to account for about 30% of global vehicle demand, leaving a significant 70% reliant on engine-powered vehicles. Toyota’s commitment to developing new engines that balance environmental performance, power, and cost-effectiveness is a response to both decarbonization efforts and consumer demands.
In an environment where the demand for EVs is decelerating, and companies like Mercedes-Benz and General Motors (GM) are reassessing their strategies, Toyota’s foresighted approach is gaining renewed attention.