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Toyota plans 30% boost to 2026 hybrid vehicle output by 2028, Nikkei says

By Thomson Reuters Feb 4, 2026 | 3:51 AM

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.

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.

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)