Toyota unveiling electric concept car in Detroit
DETROIT (AP) — Toyota Motor Corp. said Saturday it is confirming plans to have an all-electric vehicle on U.S. roads by 2012 by introducing an ultra-compact battery-powered concept car at the North American International Auto Show in Detroit.
Toyota calls the FT-EV, based on the ultra-compact iQ model on sale in Japan, an “urban dweller” with a range of 50 miles. Although there’s no guarantee it will go into production in its current form, it illustrates the company’s product strategies.
“Last summer’s $4-a-gallon gasoline was no anomaly,” said Irv Miller, vice president of Toyota Motor Sales USA. “It was a brief glimpse of our future. We must address the inevitability of peak oil by developing vehicles powered by alternatives to liquid-oil fuel.”