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.
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.