Toyota announced that it will display the Toyota FT-EV concept on opening Media Day at the North American International Auto Show (NAIAS), confirming its plan to launch an urban commuter battery-electric vehicle (BEV) by 2012.
The Toyota FT-EV concept shares its platform with the revolutionary-new Toyota iQ urban commuter vehicle. Already a huge hit in Japan, the iQ is lightweight and seats four passengers in comfort and security, while delivering exceptional mileage, sporty performance, unique refinements and a fun, youthful image.
The first-generation lithium-ion batteries powering these PHVs will be built on an assembly line at Toyota’s PEVE (Panasonic EV Energy Company, LTD) battery plant, a joint-venture production facility in which Toyota owns 60 percent equity. During its development, the new Prius was designed and engineered to package either the lithium-ion battery pack with plug-in capability, or the nickel-metal hydride battery for the conventional gas-electric system.
The 500 PHVs arriving globally in late 2009 will be used for market and engineering analysis. Lease-fleet customers will monitor the performance and durability of the first-generation lithium-ion battery, while offering real world feedback on how future customers might respond to the plug-in process.
