Toyota is developing a new hybrid system that is smaller, lighter and more efficient than the current version in effort to keep pace with technical changes in the auto industry. It expects the system to deliver at least 10% better fuel economy in the next-gen Toyota Prius.
But the Japanese giant also sees opportunities with other alternative-power technologies, notably hydrogen. Toyota plans to unveil a new fuel-cell vehicle next January that it will put into production in 2015.
“Hybrid is a technology for the future and for the next 20 or 30 years,” said Satoshi Ogiso, the executive responsible for Toyota’s hybrid business, during a media briefing session on the company’s alternative power plans.