KEY POINTS
  • Toyota says wants every model to have an electric or hybrid option within 7 years
  • The Japanese firm is targeting 5.5 million annual sales of electric vehicles by 2030
  • Toyota working with Panasonic to improve battery technology

The Japanese car company has pledged that its entire fleet will be available in an electric or hybrid version by 2025.

In a press release Monday, Toyota Motor Company said it also wanted electrified cars to account for more than half of group sales by 2030, with a volume target of around 5.5 million cars a year. Toyota also said it will have more than 10 different pure battery electric cars for sale from 2020, with China the first target market.