TOKYO -- Toyota Motor is bullish on prospects for higher sales, forecasting a net income of 2.3 trillion yen ($21.1 billion) for the current business year through next March, up 2.4% from fiscal 2020, while its rivals continue to struggle with semiconductor shortages.
The Japanese auto giant remains confident that hybrid and plug-in hybrid vehicles will continue to play a major role for the company worldwide in 2030, as it expects to sell 2 million battery and fuel-cell electric vehicles that year, equal to just one-fourth of the automaker's total expected sales of electrified vehicles.
