This is why Toyota went hard into hybrids instead of straight EVs and it’s showing to be good decision. Toyota has always been more about being practical and for everyday consumers.
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.
Also keep in mind most houses don’t have charging stations in the garage. So you’d probably have to buy that on top of the car. I’m not sure how much that would cost including install, I would imagine something like $1000 to $3000?
I just did one myself for my 4xe. Charger was $380, proper outlet, correctly sized wire and box was around $200. I had the breaker already but that’s another $40 or so. I installed it myself for free so total cost was $580-$620.
I mean if the most practical one even after incentives wasn’t 55K CAD before tax, I’d consider it.
This is why Toyota went hard into hybrids instead of straight EVs and it’s showing to be good decision. Toyota has always been more about being practical and for everyday consumers.
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.
in europe it absolutely is. EVs are only accelerating and even poor countries are over 30% new car share.
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.
Also keep in mind most houses don’t have charging stations in the garage. So you’d probably have to buy that on top of the car. I’m not sure how much that would cost including install, I would imagine something like $1000 to $3000?
I just installed a Tesla charger for $750 after a $250 rebate from our utility provider.
That price included the purchase price of the charger itself.
I just did one myself for my 4xe. Charger was $380, proper outlet, correctly sized wire and box was around $200. I had the breaker already but that’s another $40 or so. I installed it myself for free so total cost was $580-$620.
looks like Toyota is getting the last laugh
Not just toyota. A whole bunch of armchair analysts (self included) have been doubting the “inevitability” of EV’s the whole time.
REAL curious how that Ramcharger thing affects the full size pickup world.