Toyota Hybrid Production to Reach 1 Million In 10 Years
May 27th, 2006
As automakers blitz Washington with their answers to the U.S. dependency on increasingly expensive foreign oil, it was Toyota’s turn to step up to the plate Wednesday. Speaking to the House Energy and Commerce subcommittee, Toyota’s advanced technology manager, William Reinert, focused on his company’s hybrid solution, saying its annual production of hybrids could pass the one million mark within the next decade.
While Toyota is far from alone in its development of hybrid vehicle technology, according to Reuters, it would appear to be far ahead of its U.S. competitors, who are instead focusing on alternative fuels (notably ethanol) as their near-term ’silver bullet,’ while they play catch-up with hybrid technologies.