It was a smart short term decision. They won’t be able to scale and catch up on EVs and will now completely miss the boat. Hybrids will be too expensive and irrelevant within 5 years.
EV’s won’t be the majority of new vehicle sales within even 10 years, much less the shorter and ridiculously optimistic 5 year timeline you propose in your comment there.
EV’s won’t be the majority of new vehicle sales within even 10 years
That’s a joke. What do you think happens to the market when the cost of the battery is 50-70% less than today? This will happen by 2030. Tesla EVs will be cheaper than ICE cars, let alone hybrids. Toyota won’t be able to compete.
It was a smart short term decision. They won’t be able to scale and catch up on EVs and will now completely miss the boat. Hybrids will be too expensive and irrelevant within 5 years.
I’ll take that bet.
EV’s won’t be the majority of new vehicle sales within even 10 years, much less the shorter and ridiculously optimistic 5 year timeline you propose in your comment there.
That’s a joke. What do you think happens to the market when the cost of the battery is 50-70% less than today? This will happen by 2030. Tesla EVs will be cheaper than ICE cars, let alone hybrids. Toyota won’t be able to compete.
in europe it absolutely is. EVs are only accelerating and even poor countries are over 30% new car share.