Google AI

Business Telegraph

.
The Times


.

Toyota Asia’s Multiple Pathways towards Carbon Neutrality

  • Written by: Telegraph Magazine

BANGKOK, THAILAND - Media OutReach - 19 December 2022 - Mr. Akio Toyoda, President & CEO of Toyota Motor Corporation ("Toyota"), and founder and team owner of ROOKIE Racing, participated under the driver name "Morizo" in the 25-hour endurance race in Thailand over December 17th and 18th in Toyota's hydrogen-powered Corolla.

This was the first time that this technology has been used in a race outside Japan. This was also an opportunity for Toyota to demonstrate its multiple pathway approach to accelerate actions towards Carbon Neutrality, by displaying and demonstrating various clean technologies, including Hybrid Electric Vehicles (HEV), Plug-in Hybrid Electric Vehicle (PHEV), Battery Electric Vehicles (BEV) and Fuel Cell Electric Vehicles (FCEV) that offer diverse environmentally friendly choices to customers across Asian markets. Mr. Hao Quoc Tien, CEO of Asia Region, and other senior executives from Toyota, joined Mr. Toyoda over the 2 day program.


Developing and showcasing the Hydrogen powered internal combustion engine vehicle (HiCEV) marks another step in Toyota's technological efforts towards achieving global commitment of Carbon Neutrality by 2050.

Toyota believes that 'carbon is the enemy', and hence Toyota believes in a Multiple Pathway approach by offering customers the choice of various vehicle powertrain technologies, including HEV, PHEV, BEV, FCEV, HiCEV, or even bio-fuel vehicles. This allows every customer to select cleaner and greener mobility options that are suitable for their economic circumstances, energy source, charging infrastructure readiness, industrial policies and usage needs. This multiple pathways approach allows decarbonization to start immediately, without waiting for the maturity of all the enablers such as infrastructure and affordability, and hence can gain scale through accessibility. This is in line with Toyota's "Mobility for All" objective, and allows everyone to participate in the decarbonization journey. Toyota believes that the impact of clean technology can be felt only with its wide adoption across global markets. Beyond new vehicles, Toyota also believes in appropriate life-cycle action to truly decarbonize mobility and its ecosystem, and earnestly tackle climate change from cradle to grave.

Toyota has carefully considered the best way to move to mass and accessible electrification in each market, through a '3 Lens' approach that allow the company to best understand the enablers to accelerate carbon neutrality and electrification. These are 1) Emission Reduction, through well to wheel and lifecycle actions, 2) Economic Impact, including for the customer, government and industry, and most importantly 3) Customer Acceptance.

Specifically, for Emission Reduction, the consideration is to evaluate the total emissions, including tailpipe (tank-to-wheel) power generation (well-to-tank; e.g. fuel, electricity, etc.) and life cycle emission (from manufacturing and life-time usage).

Hashtag: #ToyotaMotorAsiaPacific

The issuer is solely responsible for the content of this announcement.

Entrepreneurs & Leaders

Protecting Lone and At-Risk Workers: What Australian Employers Need to Know

From the community nurse visiting a client's home after dark, to the retail worker closing up alone, the real estate a...

The Benefits of Controlled Growing Environments

Growing plants is anything but simple. It takes a lot to keep them alive. Even the best farmers battle daily with weathe...

What Travellers Really Appreciate About Hotel Rooms

Hotels dump way too much cash into stuff nobody asks for. Weird designer chairs that destroy your back, complicated ligh...

Protect Your Projects with the Building and Construction Lawyers in Brisbane

Building projects involve detailed contracts, staged payments, strict timelines and several parties with different res...

How Local Amenities Can Influence Your Property Decision

Buying or renting a property is a lot more than deciding whether you like the indoors. But your actual life happens outs...

How to Document Workplace Harassment and Protect Yourself

Workplace harassment is not a joke. It’s something thousands of people experience every day. We as a society still can’t...

Simple Ways to Make Your Marketing Displays Stand Out

A marketing display only has a few seconds to attract attention. Whether it is placed in a shop, reception area, office...

How to Prepare Your Home Before Putting It on the Market

Selling your home can make you look at your own property through different lenses. It happens. When you’re preparing to ...

What Should You Look for in a Commercial Property Investment?

Buying a commercial property isn't the same as buying a home. The numbers in this purchase matter a lot more. To make ma...