Advertisement
Singapore markets close in 2 hours 4 minutes
  • Straits Times Index

    3,279.30
    -13.83 (-0.42%)
     
  • Nikkei

    37,628.48
    -831.60 (-2.16%)
     
  • Hang Seng

    17,277.46
    +76.19 (+0.44%)
     
  • FTSE 100

    8,040.38
    -4.43 (-0.06%)
     
  • Bitcoin USD

    64,246.98
    -2,532.44 (-3.79%)
     
  • CMC Crypto 200

    1,390.10
    +7.53 (+0.54%)
     
  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     
  • Dow

    38,460.92
    -42.77 (-0.11%)
     
  • Nasdaq

    15,712.75
    +16.11 (+0.10%)
     
  • Gold

    2,331.70
    -6.70 (-0.29%)
     
  • Crude Oil

    82.89
    +0.08 (+0.10%)
     
  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     
  • FTSE Bursa Malaysia

    1,570.67
    -0.81 (-0.05%)
     
  • Jakarta Composite Index

    7,154.36
    -20.17 (-0.28%)
     
  • PSE Index

    6,582.46
    +9.71 (+0.15%)
     

Toyota says all Europe sales will be zero-emission cars by 2035

FILE PHOTO: A view of the dashboard of Toyota's Ultra Compact BEV (battery electric vehicle) at the Tokyo Motor Show, in Tokyo

TOKYO (Reuters) - Toyota Motor Corp said all new vehicle sales in Western Europe will be zero-emission models by 2035, as the world's biggest automaker complies with tighter emission rules in the region.

By 2030, at least half of Toyota's model mix will be zero emission, including electric vehicles (EV) and hydrogen fuel cell cars, Toyota said in a press release on Thursday.

Toyota, like other car makers, is releasing a slew of electric cars to meet tougher emission regulations in key markets such as Western Europe.

Unlike some auto companies, however, it has not committed to abandoning gasoline cars altogether, arguing that some regions are not yet ready for a switch to EVs or other alternative propulsion technologies.

ADVERTISEMENT

Toyota said sales of electrified vehicles, such as EVs and hybrid cars, would help it expand vehicle sales in the region to around 1.3 million units in 2022 from 1.07 million this year.

(Reporting by Tim Kelly; Editing by Muralikumar Anantharaman)