Toyota plans to reduce production of carbon emitting cars by 90% by 2050
Toyota plans to reduce production of carbon emitting cars by 90% by 2050, as well as sell 1.5 million hybrid cars a year by 2020 and 30,000 hydrogen fuel cell cars by 2020. Toyota also confirmed that the new Prius hybrid vehicle will be 20% more fuel efficient than the previous model. However the company failed to make any commitment to manufacturing electric cars. 

As part of its goals to achieve new environmental targets, Toyota Motor Corporation has said it will eliminate carbon emissions by 90 percent from its production processes by 2050, compared to 2010 levels. The expansive plan, reported by The Wall Street Journal, is part of Toyota's broader strategy that includes selling 1.5 million hybrid vehicles by 2020. Toyota also said it aims to sell over 30,000 hydrogen-powered vehicles around the same time. For its long-term initiative, Toyota envisions a product portfolio made up of a range of hybrid, electric, and hydrogen-powered vehicles.

Toyota products will be a mix of hybrids, electrics, and fuel cells in 2050

The news comes shortly before the launch of the fourth generation Toyota Prius that the company says is 20 percent more fuel-efficient than the current model. The new, lighter Prius powertrain has been redesigned to improve fuel efficiency on all models. Prius was once the car synonymous with green technology, but as the hybrid and electric car market has expanded, Prius sales have slipped. The 2016 Toyota Prius will arrive in dealerships next year. Toyota is also taking orders on the hydrogen-powered Mirai, which the first US customers will receive this month. Gasoline- and diesel-powered vehicles make up about 85 percent of Toyota's sales.