Hybrid vehicles that includes extended-range plug-in hybrids -- will account for 20 percent of all global vehicle sales in developing countries by 2020, Toyota's top engineer predicted Monday.
Takeshi Uchiyamada, Toyota's executive vice president overseeing R&D and engineering, observed that hybrid sales are already 20 percent of annual sales in Japan, but that most of the developing world is at or below 10 percent hybrids.He refused to comment to what Toyota's share of the hybrid pie would be. In the United States, Toyota's hybrid market share has been as high as 80 percent, though it has slid somewhat as new competitors have entered the market.Vcommindia News
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