Toyota, Exxon Testing Alt Fuels
Partnership exploring low-carbon formulas in existing lineup.
The Exxon-developed low-carbon fuels are compatible with current fueling infrastructure and with Toyota's gas-powered lineup.
IMAGE: Pixabay/JirkaF
Toyota is partnering with Exxon Mobil to test fuel blends in its older and new models that it says could drastically cut harmful emissions.
The low-carbon fuels are compatible with current fueling infrastructure and with its lineup of gas-powered engines, the Japanese automaker said in a statement.
Toyota said the “innovative” fuels could potentially reduce greenhouse gas emissions from vehicles by up to 75% compared to conventional fuels.
Toyota, which has lagged other major carmakers in transitioning to electric vehicles, is also pivoting to a more EV-heavy lineup with the recent appointment of CEO Koji Sato, who said he plans to accelerate the transition by adding 10 EV models by 2026.
Sato replaced the grandson of Toyota’s founder on April 1. Akio Toyoda had said he represented a “silent majority” of people who believe EVs shouldn’t be carmakers’ “single option.”
Originally posted on Auto Dealer Today
More Showroom
California Sees Quarterly Gains
California’s new-vehicle market saw a boost in hybrids in the third quarter and its first overall quarterly market gain of the year.
Read More →
New-Vehicle Prices Stay Put
Affordability pressures and model availability shaped new-vehicle sales in September, according to an analysis by Kelley Blue Book.
Read More →
EV Buyer Consideration Shifts
What drives American consumers to purchase an electric vehicle is shifting as the question moves away from Should I?' to 'Which features and experience do I want to have?'
Read More →
Year-to-Date Auto Sales Holding Their Own
A forecast through August shows that automakers have shifted strategies to keep deliveries and revenues up despite tariffs and other economic challenges.
Read More →
Slow to Robo
Ten years of polling consumers shows autonomous vehicles’ profiles have risen considerably, but even more people now want at least some level of control if they go that route.
Read More →
Dealers a Little Down
A third-quarter Cox Automotive survey finds them in a mixed mood, bummed by fallen customer traffic but encouraged by better profits, costs and EV interest.
Read More →
European EV Sales Skyrocket
The EV market on the continent held strong in July with almost 25% of new-car sales being fully electric units, a stark contrast to the U.S., where EV sales declined about 42%.
Read More →
Mitsubishi Unveils U.S. Plan
The automaker announced a strategy that includes an expanded lineup and dealership presence, along with more ‘rugged’ and electric models.
Read More →
Used Lots Getting the Business
Many consumers are seeking out the units to save money, and the demand – higher in July than normal – is keeping supply limited and prices up.
Read More →
Used Market Stabilizes
The Carfax Used Car Index noted a major drop in used-vehicle price increases in July after several months of hikes.
Read More →