TOKYO, Feb 4 (Reuters) – Toyota plans to boost production of hybrid and plug‑in hybrid vehicles to around 6.7 million units by 2028, about 30% higher than its target for 2026, the Nikkei business daily reported on Wednesday. The world’s largest automaker aims to lift global output to about 11.3 million vehicles in 2028, roughly […]
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Toyota plans 30% lift in hybrid vehicle output by 2028, Nikkei says
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TOKYO, Feb 4 (Reuters) – Toyota plans to boost production of hybrid and plug‑in hybrid vehicles to around 6.7 million units by 2028, about 30% higher than its target for 2026, the Nikkei business daily reported on Wednesday.
The world’s largest automaker aims to lift global output to about 11.3 million vehicles in 2028, roughly 10% above its 2026 plan, the paper said.
The share of hybrids is expected to rise to 60% in 2028 from roughly 50% in 2026, the newspaper added.
Toyota did not immediately respond to a request for comment.
(Reporting by Daniel Leussink, Editing by Louise Heavens)