This Oct. 23, 2019 file photo shows the logo of Toyota Motor Corp. (Mainichi)

       TOKYO (Kyodo) -- Toyota Motor Corp. said Tuesday it will spend 1.5 trillion yen ($13.7 billion) by 2030 on the development and supply of batteries for electric and hybrid vehicles, as it pushes for carbon neutrality and competition intensifies over low emissions technology.

       The world's biggest carmaker by volume is looking to ramp up its offering of zero-emission vehicles to meet stricter emission regulations in global markets.

       Masahiko Maeda, Toyota's chief technology officer, said in an online press briefing that the automaker, in developing batteries and vehicles as a whole, will also cut battery costs by 50 percent per car by 2030.

       Of the 1.5 trillion yen in investments, about 1 trillion yen will mainly be spent on increasing the number of production lines for the batteries, according to the automaker.

       Toyota said it has not changed its target to put all solid-state batteries, which enable a longer travel distance for electrified cars per charge, into practical use by the early 2020s.

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