Toyota Motor Corp. said Saturday it is confirming plans to have an all-electric vehicle on U.S. roads by 2012 by introducing an ultra-compact battery-powered concept car at the North American International Auto Show in Detroit.
“Last summer’s $4-a-gallon gasoline was no anomaly,” said Irv Miller, vice president of Toyota Motor Sales USA. “It was a brief glimpse of our future. We must address the inevitability of peak oil by developing vehicles powered by alternatives to liquid-oil fuel.”
“Our business is no longer about simply building and selling cars and trucks. It is about finding solutions to mobility challenges today and being prepared for more daunting challenges in our very near future.”
Toyotas press release
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