Toyota is set to expand its hydrogen business in Europe significantly with the establishment of Hydrogen Factory Europe. This initiative aims to stimulate hydrogen ecosystems and infrastructure across the continent, advancing Toyota’s goal of carbon neutrality by 2040. The factory will produce fuel cell systems for various mobility applications and foster commercial partnerships. Significant investments and regulatory measures in Europe, including the European Commission’s Green Deal and the Renewable Energy Directive (REDIII), are supporting this growth.
Key Highlights:
- Hydrogen Factory Europe: A new local business operation to enhance the commercialisation of hydrogen technology in Europe.
- Carbon Neutrality Goal: Toyota aims for carbon neutrality in Europe by 2040, 10 years ahead of its global target.
- Investment and Regulation: Europe’s substantial investment and regulatory support, including the Green Deal and REDIII, are accelerating hydrogen market growth.
- Mobility Applications: Toyota’s fuel cell technology is being integrated into various vehicles, from passenger cars to heavy-duty trucks and marine applications.
- Next-Generation Technology: By 2026, Toyota plans to introduce advanced fuel cell technology offering longer lifecycles, increased range, and reduced costs.
