Toyota's Strategic Plan for Hydrogen Dominance in the Commercial Vehicle Market
Key Ideas
  • Toyota's production plan for fuel cells and water electrolysis systems has been certified by METI to support the building of GX supply chains in Japan.
  • The company aims to lead the commercial truck market in hydrogen usage by 2030, targeting Europe and America with a goal of supplying 75,000 units.
  • Toyota also plans to scale up its water electrolysis system business to 3 gigawatts by 2030 to support carbon neutrality efforts.
  • Through its commitment to hydrogen, Toyota seeks to promote a hydrogen society and contribute to achieving carbon neutrality in various aspects of the value chain.
Toyota's strategic plan to dominate the hydrogen market in the commercial vehicle sector has received certification from Japan's METI program. The initiative aligns with the country's Draft Act for a Smooth Transition to a Decarbonized, Growth-Oriented Economic Structure, focusing on establishing a strong domestic manufacturing supply chain in the GX field. The program aims to accelerate efforts towards carbon neutrality by leveraging Japan's manufacturing expertise and technology infrastructure, particularly from small and medium enterprises. Toyota's collaboration with local governments, vehicle manufacturers, and customers aims to advance the adoption of fuel cells and create a hydrogen society. By 2030, Toyota targets a significant presence in the commercial truck market using hydrogen, with a plan to supply 75,000 units. Additionally, the company aims to achieve a business scale of 3 gigawatts for water electrolysis systems by 2030. These efforts align with Toyota's commitment to promoting hydrogen across the value chain to achieve carbon neutrality. Through these strategic initiatives, Toyota aims to contribute to a prosperous society while upholding its corporate principles.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2024 AdvanceH2, LLC. All rights reserved.