It's no secret that Toyota is working on a plug-in hybrid. The only question was when is one going to be released. That question was answered today when they announced they will release a plug-in hybrid vehicle in 2010 to compete with the Chevy Volt.
Toyota is best know for the Prius Hybird, but what is unknown will the Prius be converted to a plug-in hybrid or will it be a new design. What is know is that it will use lithium-ion batteries instead of nickel-metal hydride which is currently used in the hybird Prius vehicles.
With this announcement, it's clear that Toyota, Ford, GM, Nissan and Honda are all working on Plug-in Hybrid vehicles. I wonder at which point will more vehicles makers jump on the alternative energy vehicles bandwagon. Will it be $4.50, $5 or maybe $6 a gallon? Of course there are several alternatives and plug-in hybrids will be well out of reach for most American drivers.
In the end this is great news as we begin to relinquish our dependency on the dirty source of energy that is oil. I wonder how long it will take for us to do the same with coal. The sooner the better, but mostly likely it won't be until Americans suffer from rising electricity costs that bring plug in hybrid charging costs to what gasoline costs currently. Or perhaps by that time people will have sustainable energy sources on their property, I know I will.