Sept. 13 (Bloomberg) -- Toyota Motor Corp., the world's second-largest automaker, said all of its vehicles may eventually be run by hybrid gasoline-electric motors, as record fuel prices curb demand for conventional automobiles. Toyota, the world's first and largest maker of so-called hybrid cars, said it's aiming to increase hybrid production by 60 percent in 2006 and will cut costs and prices to make them more affordable. ``In the future, the cars you see from Toyota will be 100 percent hybrid,'' Toyota Executive Vice President Kazuo Okamoto said in Frankfurt, declining to give a time for achieving the target. ``We believe that in 10 years the world will be filled with hybrids.'' Toyota has sold 425,000 hybrid cars since 1997 and is trying to profit from its edge over General Motors Corp. and Ford Motor Co. in the technology. President Katsuaki Watanabe said he aims to halve the premium in price of hybrids over conventional vehicles ``at the earliest possible stage.''
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Bloomberg.com
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