Finance
Toyota plans 30% boost to 2026 hybrid vehicle output by 2028, Nikkei says
Published by Global Banking and Finance Review
Posted on February 4, 2026
1 min readLast updated: February 4, 2026
Quick Summary
Toyota plans a 30% increase in hybrid vehicle production by 2028, targeting 6.7 million units. The hybrid market share is expected to reach 60%.
Toyota plans 30% boost to 2026 hybrid vehicle output by 2028, Nikkei
Toyota's Production Goals for Hybrid Vehicles
TOKYO, Feb 4 (Reuters) - Toyota plans to boost production of hybrid and plug‑in hybrid vehicles to about 6.7 million cars by 2028, 30% higher than its 2026 target, the Nikkei business daily reported on Wednesday.
Projected Production Numbers
The world's largest automaker is aiming to raise global output to about 11.3 million vehicles in 2028, roughly 10% above its 2026 plan, the paper said, adding that hybrids would account for about 60% of production, up from around 50% this year.
Supplier Communication and Planning
A Toyota statement said the company provides a rough estimate of future production prospects to suppliers and other partners every year as a reference for their planning, emphasising that these figures are a reference and not production or sales plans.
(Reporting by Daniel LeussinkEditing by Louise Heavens and David Goodman)
Key Takeaways
- •Toyota plans to increase hybrid vehicle production by 30% by 2028.
- •The production target for 2028 is 6.7 million hybrid units.
- •Global vehicle output is expected to reach 11.3 million by 2028.
- •Hybrid market share to rise to 60% by 2028.
- •Toyota's strategy aligns with global sustainability trends.
Frequently Asked Questions about Toyota plans 30% boost to 2026 hybrid vehicle output by 2028, Nikkei says
1What is a hybrid vehicle?
A hybrid vehicle is a car that uses two or more types of power, typically combining a gasoline engine with an electric motor to improve fuel efficiency and reduce emissions.
2What is production goal?
A production goal is a target set by a company to achieve a specific level of output within a certain timeframe, often used to measure performance and efficiency.
3What is market share?
Market share refers to the portion of a market controlled by a particular company or product, often expressed as a percentage of total sales in that market.
