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Hybrid Sales Become the New Normal
Toyota New Zealand (TNZ) is committed to a decarbonised transport sector and supports the New Zealand Government’s transition plans to a low-emissions economy, including the Clean Car Discount announced after the reporting period in June 2021.
Rather than focus on one type of fuel or powertrain, Toyota has a strategy of developing and producing a range of powertrain types that meet the mobility needs of drivers around the world. These include Battery Electric Vehicles (BEVs) and plug-in electric hybrid (PHEV), hybrid (HEV) and hydrogen fuel cell vehicles (FCEV).
The supply of BEVs and PHEVs will increase in the next few years. In the meantime, hybrids remain the best alternative for starting the carbon-reduction journey as new hybrids reach price parity with petrol versions.
At the end of March 2021, around 38% of the Toyota and Lexus combined sales were hybrids, confirming the strong consumer demand for low-carbon-emitting vehicles.
The impacts of the growing hybrid portfolio and the Clean Car Discount were evident in July 2021, with a year-to-date monthly record of 1,002 Toyota and Lexus hybrid vehicle sales.
A hybrid powertrain is now available in a wide range of Toyota and Lexus models, from hatches to sedans and compact SUVs to mid- and large-size SUVs. Toyota also offers the plug-in Prius Prime, which was eligible for the Clean Car Discount in 2021.
HEVs have contributed to an average carbon dioxide reduction of 19 grams per 100 kilometres (g/100km) across the full Toyota and Lexus range since 2003. As a result, Toyota New Zealand’s portfolio CO2 rating of 161g/100km shows the company is on track to meet its Clean Car CO2 target of 164g/km before the Government’s target date of 2023.
The Lexus portfolio is under its 2023 target of 176g/km and is on track to pass the total industry target of 105g/km by 2023.