Photo Credit: Business 2.0
Via Cleantech.com:
Tokyo-based Toyota Motor (NYSE: TM) said it plans to start selling plug-in hybrid vehicles by 2010.
That would put the new cars in direct competition with the Chevy Volt from Detroit’s General Motors (NYSE: GM), another plug-in hybrid expected to be released that year.
Toyota said the first sales of its lithium-ion battery-equipped plug-in hybrid vehicles would be to fleet customers in the U.S. and elsewhere.
This is the first of many of these sorts of announcements we should expect, the PHEV is a sensible next step in the evolution toward all electric transportation. As can be seen from the troubles with Tesla, it’s very difficult to simply jump from combustion technology to all electric (though we’re still wondering why an electric vehicle needs a transmission per se…)
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