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Toyota Pledges to Top U.S. Push to Double Fuel Economy by 2025

Toyota Motor Corp. (7203), the world’s biggest seller of hybrid-electric vehicles, vowed to surpass U.S. rules intended to double fuel economy and reduce carbon emissions.

Automakers agreed in 2011 to a plan by President Barack Obama targeting an industrywide increase in Corporate Average Fuel Economy, or CAFE, to 54.5 miles per gallon of gasoline by 2025. Increased sales of hybrids and other alternative-powered autos will help Toyota comply with that rule, said Bob Carter, the automaker’s U.S. senior vice president.

“The 2015 to 2025 CAFE regulations will require automakers to significantly reduce emissions and increase fuel economy across their fleet of vehicles,” Carter said in prepared remarks at Deutsche Bank AG’s auto industry conference in Detroit yesterday. “That won’t be easy, but at Toyota we plan to exceed these new standards.”

The U.S. efficiency push has brought dozens of new hybrids, plug-in cars, electric vehicles and models powered by fuel-saving gasoline engines to the market in the past three years.
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