Using a similar method to its Prius family of vehicles, Toyota is planning to do something similar with the Mirai hydrogen fuel cell vehicle.
Last year, the 2016 Toyota Mirai launched in Japan, Europe and North America. According to a Japanese newspaper, Toyota is planning to launch a smaller, less expensive model of the Mirai. The smaller Mirai model will debut before the 2020 Tokyo Olympics.
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Toyota is a sponsor of the Tokyo Olympics, and has long planned to use the event to publicize its hydrogen fuel-cell vehicle technology to the billions of people who watch the event on television.
It remains unclear whether a smaller and less expensive Mirai would be a second-generation design that supplants the current car, or an additional model below it.
The new Mirai would be priced about 20 percent lower than the existing four-seat Mirai sedan. That's about the same price reduction the Prius C offers versus the 2016 Toyota Prius liftback model.
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