Toyota is exploring two investments in the UK, including a new model at its Derbyshire car plant and the mass manufacturing of hydrogen fuel cells, after the government pushed back a ban on the sale of new hybrid cars, a senior executive has said.
The UK’s decision to allow new petrol, diesel and hybrid car sales to continue until 2035 and to make it easier for carmakers that miss EV sales targets to avoid fines, has helped the Japanese group “remain competitive,” Matt Harrison, head of operations for Toyota in Europe, told the Financial Times.
“We are not facing any premature discontinuation or ban of hybrid [technology], and there’s a little bit more pragmatism,” he added.
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