Toyota to bring Home EV chargers to market in 2012; expects to sell 50K PHEVs worldwide that year

The Toyota PHV

The Nikkei reports that Toyota Motor Corp. will start selling home battery chargers for electric and plug-in hybrid vehicles in 2012. Group firms Toyota Home and Toyota Industries Corp. will jointly develop the charger and will market it under the Toyota Home brand, through the sales channels of Toyota Home and its affiliate, Misawa Homes Co., according to the report.

The companies will produce two charger types, with one designed to extend from the exterior wall of a home and the other made for installation in a garage. The chargers will be compatible with non-Toyota cars, and will be priced between several tens of thousands of yen to 200,000 yen, including installation costs.

In 2012, Toyota expects to sell a total of 50,000 plug-in hybrid vehicles in Japan, the US and Europe, in addition to several thousand electric cars. It expects its sales of home battery chargers to reach 20,000 to 30,000 units during this period...The Japanese government wants 2 million regular EV battery chargers and 5,000 high-speed chargers to be installed across the nation by 2020.

Nikkei