Toyota is investing $35 billion into EVs. But some say it may be too late.
Publishing timestamp: 2023-01-17 11:03:02
Summary
Toyota, the world's largest automaker, is facing criticism for not transitioning to zero-emission electric fleets quickly enough. However, the company does believe in an all-electric future, but believes it will not reach all of its markets at the same time. Toyota has invested $35 billion in electric models, hybrids, and hydrogen fuel cell vehicles, but Gartner, an industry research firm, expects gasoline-burning engines to still make up about 50 percent of sales in the early 2030s.
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Keywords: autos, business news, toyota motor corp, tesla inc, autozone inc, transportation,