MON - FRI 9am - 5.30pm

News

June 04 2018

Toyota on track to meet fuel cell EV sales

Japanese car manufacturing giant, Toyota, has ramped up its component production to meet expected 10-fold growth in fuel cell electric vehicles (FCEV) post-2020. Following a recent announcement of two major facilities which will soon be opened by the company, which will focus on fuel cell stack and hydrogen tank production, Toyota is on target to increase its current FCEV sales from 3,000 to 30,000 after 2020.

The two new facilities, which will be built in Japan, are a key component to this growth. The proposed building at the Honsha plant – near Toyota’s original car factory, which opened in 1938 – will accommodate the expansion of fuel cell stack mass production; whilst high-pressure hydrogen tanks will be manufactured at the company’s Shimoyama factory.

The fuel cell stack in a FCEV is the component which is crucial to generate electricity from a reaction between hydrogen and oxygen and means that the vehicle can be powered without emitting harmful exhaust fumes. Hydrogen fuel is contained in high pressure tanks in the vehicle – the ability to manufacture these two components at scale is imperative to bringing the cost of FCEVs down in order to make them more widely accessible to motorists.

The two facilities are expected to significantly reduce carbon emissions that are produced during vehicle production, and fit in with targets that the company pledged to meet in the Toyota Environmental Challenge 2050.

The Toyota Environmental Challenge 2050 is a series of initiatives which address severe global issues such as extreme weather which is attributed to greenhouse gas emissions; biodiversity depletion due to development, and water shortages because of global population growth. Announced in October 2015, the Environmental Challenge 2050 reaffirms Toyota’s commitment to reducing the burden caused by vehicle use, with an aim to get emissions as close to zero as possible.

The challenge is made up of six key factors:

1)       To reduce the global average CO2 emissions from new vehicles by 90% from Toyota’s 2010 global level.

2)      To eliminate all CO2 emissions from the entire vehicle life cycle.

3)      To achieve zero CO2 emissions at all plants by 2050.

4)     To minimise water consumption and implement wastewater management based on individual locations

5)      To promote deployment of end of life vehicle treatment and recycling technologies and systems developed in Japan.

6)      To connect nature conservation activities beyond the Toyota Group and its business partners among communities, with the world, to the future.

“Since its foundation in 1937, Toyota has inherited a corporate philosophy: ‘contribute to society via technology and contribute to industrial development through the manufacturing of cars’.“ says Mr Takeshi Uchiyamada, chairman of the board of directors at Toyota.

“We embrace the unshakable belief of ‘leading innovation through technology and creation’ to this day.

“We have focused on environmental issues as one of the top priority managerial issues. The current global environment is not likely to improve – adversely it is getting worse day by day. Based on the current problem awareness we think we need to take up new and bold challenges.

“[with the Environmental Challenge 2050] we aim to overcome these challenges. We aim to accelerate the wide-spread of HVs and PHVs as well as zero emission vehicles such as FCVs and EVs around the world.”

All figures provided are those of the manufacturer, and not those of Go Green Leasing.

Check out our Toyota lease deals today!

Posted on 4th June 2018 at 8:35AM

Share this article

Home Top 30 DealsLimited Offers SearchManufacturersFinance InformationTestimonialsNewsAboutContact