Dec. 18, 2024

Toyota's Fuel Cell and Water Electrolysis System Production Plan Certified as a METI Support Program for Building GX Supply Chains

Toyota City, Japan, December 18, 2024―Toyota Motor Corporation (Toyota) has announced that its new production plan for fuel cells and a water electrolysis system to supply hydrogen was selected by the Ministry of Economy, Trade and Industry (METI) as a successful applicant for its Support Program for Building GX Supply Chains.

This METI program is based on the Draft Act for a Smooth Transition to a Decarbonized, Growth-Oriented Economic Structure (GX Promotion Act). It aims to establish a domestic manufacturing supply chain in the GX field, such as for fuel cells and water electrolysis systems that are indispensable for the achievement of carbon neutrality. The program is designed to accelerate efforts ahead of the rest of the world by maximizing the strengths of Japan's manufacturing supply chain and technology infrastructure, including small and medium enterprises.

Toyota will work with local governments, passenger and commercial vehicle manufacturers, and customers who use these vehicles to promote the creation of a hydrogen society and the widespread adoption of fuel cells. In this context, we aim to establish a strong position in the commercial truck market using hydrogen in 2030. The target will be the fuel cell market in Europe and America, where demand is expected to grow, with a goal of supplying 75,000 units.

Our target for the water electrolysis system is to have a cumulative business scale of 3 gigawatts by around 2030.

Toyota will continue its efforts to promote hydrogen in the value chain of producing as well as transporting, storing, and using in order to achieve carbon neutrality.

"Achieving zero, and adding new value beyond it"

As part of efforts to pass our beautiful "Home Planet" to the next generation, Toyota has identified and is helping to solve issues faced by individuals and overall society, which Toyota calls "Achieving Zero," hoping to help reduce the negative impacts caused by these issues to people and the environment to zero. Additionally, Toyota is also looking "Beyond Zero" to create and provide greater value by continuing to diligently seek ways to improve lives and society for the future.

About Beyond Zero: https://global.toyota/en/mobility/beyond-zero/

Toyota Motor Corporation works to develop and manufacture innovative, safe and high-quality products and services that create happiness by providing mobility for all. We believe that true achievement comes from supporting our customers, partners, employees, and the communities in which we operate. Since our founding over 80 years ago in 1937, we have applied our Guiding Principles in pursuit of a safer, greener and more inclusive society. Today, as we transform into a mobility company developing connected, automated, shared and electrified technologies, we also remain true to our Guiding Principles and many of the United Nations' Sustainable Development Goals to help realize an ever-better world, where everyone is free to move.