Japanese carmaker unveils latest fuel-based technology to be used alongside batteries in hybrid vehicles
Toyota has unveiled plans for a new generation of internal combustion engines, betting on a continued need for older technologies even as car buyers shift towards Tesla and other electric-vehicle makers. In a rare joint appearance, the heads of Toyota, Mazda and Subaru pledged to continue investing in fuel-based technology, a move that would also benefit hundreds of suppliers struggling with the shift to electric vehicles.
Japan’s biggest carmaker has long been a proponent of hybrid vehicles and slower to adopt electric vehicles, a stance that has been validated in recent months by soaring sales. “Both the batteries for electric vehicles and internal combustion engines are important,” Nakajima said, adding that Toyota would continue to invest in both technologies and prioritise whichever would help it hit emission targets.
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