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Whatever the many reasons Toyota has taken so long to make this announcement... And yes it's just a bunch of promises, it's still a big step forward for leadership that have been a stick in the mud when it comes to transition to all electric vehicles

I'm sure we're all a little bit relieved that they are no longer gonna be anti-electric fossil fools claiming hybrid cars are superior to all-electric. It took a long time for them to accept that the future market requires major investments in all electric, not just resting on their already established hybrids:
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TOKYO, Sept 7 (Reuters) - Toyota Motor Corp (7203.T) said on Tuesday it expected to spend more than $13.5 billion by 2030 to develop batteries and its battery supply system, in a bid to take a lead in the key automotive technology over the next decade.

The world's largest automaker by volume, which pioneered hybrid gasoline-electric vehicles with the popular Prius, is moving rapidly to deliver its first all-electric...

Per Forbes:

Toyota will be offering the next generation Prius as a hybrid hydrogen electric vehicle, battery electric for short trips such as commuting with a hydrogen fuel cell for longer trips. It appears this will be in addition to the next generation of the gasoline-electric hybrid system.

The Corolla will be offered with the option of a more powerful turbocharged gasoline engine or a hydrogen internal combustion engine in an unknown configuration.

Radically New Hydrogen Fuel Cell Technology to Transform Aviation, Backed by USAF - autoevolution

"This innovative fuel cell system was proven to deliver up to 2,000 watts per kilogram of specific power (three times more than liquid-cooled hydrogen), and an energy density of up to 1,500 watt-hours per kilogram, for a major increase in range."

That's about the same power density (specific power) as the best high-energy batteries and at least 6 times the energy density (specific energy). Very impressive if true.