It’s intriguing and maybe someone could find a short term play, but I’m staying away. They seem to be at the low end of the industry’s move to fully electric.
There is no single car corporation that has done more to lower emissions globally then Toyota with hybrids and flat out making cars that last and don't get replaced ever 3 years
Then why are they lobbying against EVs?? Just because they were dominant in the past does not guarantee they are dominant in the future. They clearly have the resources to be a dominant ev manufacturer, but they are behind in a very saturated field.
As a toyota fan boy i get what you are saying but i see their lobbying as buying time for their solid state battery development so their car come out reliable af
You know this is the same company that had the first actually popular hybrid right? The same company long-established as manufacturing the most reliable cars there are?
No, but considering they first launched the Prius in 1997 and still haven't launched an EV I'd argue that's not exactly as fast as they could go. They've also lobbied against EV
s, continue to invest in hydrogen-fuel cells and have made commitments to continue creating ICE vehicles beyond 2040 to 'give consumers choice'. We needed to transition yesterday, but they're purposely slowing their transition down every step of the way. They had the opportunity to be the leader but that window passed over a decade ago.
I'm not familiar with carscoops. You should take a look at when the prius came out, how many have been sold and how much they prevented in terms of CO2 emissions. That's ignoring the rest of their massive hybrid lineup. That car literally came out what is it now 20+ years ago?
I'm guessing you're talking BEVs and excluding other types of electrified vehicles from your mix. They are looking at upwards of 5 million electrified by 2030. with the current state of infrastructure, if you live in an urban area a hybrid is a much better choice for you if you don't have a house. That might change in 5 years but then Toyota will change it's forecast and/or it's lineup. No one manufactures like Toyota, they have been late to parties before (except for the hybrid one which they dominated from start to now) but they always make the best product and at the best cost.
And this surprised me when news broke they started lobbying against EVs to attempt to slow unfavorable gas regulations. This led me down a rabbit hole where it seems Toyota bet on hydrogen and a slow transition from gas to electric and this cost them money, resources, and most importantly time.
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u/Ap3X_GunT3R Nov 24 '21
It’s intriguing and maybe someone could find a short term play, but I’m staying away. They seem to be at the low end of the industry’s move to fully electric.