Multinational automotive manufacturer Toyota is currently exploring two major investments in parts of the United Kingdom.
These include creating a brand-new model at its auto plant based in Derbyshire, and a project involving mass manufacturing hydrogen fuel cells. According to a senior executive at Toyota, the second initiative follows the recent government push back the ban on the sales of all-new hybrid cars.
From companies to individual consumers those seeking assets in the UK often take investment advice in Shropshire, Derbyshire and other parts of the country.
Britain’s decision to let new hybrid, petrol and diesel car sales continue up until the 2035, and to help carmakers deal with electric vehicle sales targets to sidestep fines, has assisted the Japanese automotive group to stay competitive.
Matt Harrison, Toyota Europe’s Operations Head recently commented to the press:
“We are not facing any premature discontinuation or ban of hybrid [technology], and there’s a little bit more pragmatism.”
Harrison added that Toyota’s engine plant based in Deeside in North Wales is the natural place to start its potential project to begin manufacturing hydrogen cells.
For a long time, Toyota has been a strong supporter of hybrid vehicles as an effective option to reduce emissions in the short term. However, it also aims to launch no less than six electric battery-only cars in Europe by the year 2026, to stay in step with the rising demand present on the continent.
Its ambition is to also sell only zero-emission vehicles in Europe by the year 2035.
