Toyota Motor (Japanese auto giant) has emerged as a key investor in a major new renewable energy fund as it works towards transforming its factories and dealerships with zero emissions electricity.

Announced mid-September, Toyota has commited to suppy $A121 million towards a billion dollar fund managed by Japanese asset management outfit, Sparx Group.

Toyota has said that the fund’s basic principle was “driving renewable energy growth and use throughout Japan,” to further improve regional economic development and energy self-reliance.

“Toyota is looking toward future electricity supplies for its production plants, electric vehicles, and dealerships, as part of achieving its ‘Environmental Challenge 2050’ goals through its investment in the new fund,” the automaker said in a statemet.

“The fund also aims to support the realisation of a low-carbon society that makes maximum use of clean energy.”

In addition to this, Toyota aims to be mass producing pure electric cars by 2020, and to have eradicated internal combustion engines by 2050; the same date it plans to achieve zero emissions manufacturing.

Source: One Step off the Grid – Toyota backs renewables fund, to build “future electricity supplies”

24 Sept 2018