NEW YORK (Kyodo) – Toyota Motor Corp. said Thursday it will adopt Tesla Inc.'s charging standards for its electric vehicles to be sold in North Ameri
NEW YORK (Kyodo) – Toyota Motor Corp. said Thursday it will adopt Tesla Inc.'s charging standards for its electric vehicles to be sold in North Ameri
I’m sure they’re working on EVs behind the scenes for mainstream release once other companies iron out the quirks, while the Murai is a long-term development platform. Let’s not forget Toyota dove headfirst into hybrids 23 years ago while other companies were developing shit like the Hummer H2 and the Excursion. People act like Toyota hates EVs but they’re just very conservative in their designs because their brand has a reputation for being reliable and economical. Compare that with early Teslas costing $100k and having terrible QC issues. Nobody wants that from a Toyota.
Honestly that is what makes the most sense to me. They are known as the slow adopter of technology. So they’re just playing the long game by waiting to jump into the BEV world head first once they let the market shake out the first few hurdles. Plus it lets them wait on purchasing Lithium, which is currently in a huge bubble. So from the c-suite, it makes perfect sense to play coy with BEVs right now.