Toyota is to launch an electric or hybrid version of all its vehicles by 2025 as part of ambitious plans to move away from traditional combustion engines.
The Japanese auto giant also said it hoped to sell 5.5 million electrified vehicles by 2030.
Toyota revealed that the bulk of the increase in its non-traditional vehicle production over the next decade or so would be centred on hybrid electric vehicles and plug-in hybrid electric vehicles, making up 4.5 million of the 2030 sales target.
The remainder of the 5.5 million target is made up of 1 million zero-emission vehicles (battery electric vehicles and fuel cell electric vehicles).
“By around 2025, every model in the Toyota and Lexus line-up around the world will be available either as a dedicated electrified model or have an electrified option,” said Toyota in a statement.
Toyota said its investment in battery development looked set to exceed ¥1.5tn ($13.3bn) by 2030.