DETROIT — Toyota plans to sell more than a million hybrids annually within the first half of this decade, and it’s taken a big step toward that goal by unveiling a baby brother to the Prius.

The FT-CH hybrid is a concept, but the compact dedicated hybrid speaks to Toyota’s plan to create a family of cars descended from the Prius. The company that made “hybrid” a household word wants to offer a wide range of gas-electric models while branching out into plug-in hybrids and even electric and hydrogen fuel cell vehicles.

“Within the next 10 to 20 years, we will not only reach peak oil, we will enter a period where demand for all liquid fuels will exceed supply,” said Jim Lentz, TMS president. “A century after the invention of the automobile, we must re-invent it with powertrains that significantly reduce or eliminate the use of conventional petroleum fuels.

“One of many alternatives is through what is commonly called the electrification of the automobile. By far, the single most successful example of this has been the gas-electric hybrid.”...wired.com  Find your Toyota