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Toyota had the first mass produced hybrid vehicle in 1997 with the Prius. Today, they have hybrid vehicles for all of their passenger cars, and class leading MP
by AmVess 6y ago
Toyota had the first mass produced hybrid vehicle in 1997 with the Prius. Today, they have hybrid vehicles for all of their passenger cars, and class leading MPG in most of them. They are #1 in terms of sales volume for hybrid vehicles.
They have a fully sorted fuel cell vehicle in the Mirai, based upon technology that is no more expensive to produce than an ICE.
They are late to the game on EV's, but the entire market is still in its early days.
You can bet that once the battery technology becomes cheap enough to stuff into cars with Corolla price tags, Toyota will be doing it, and they will be the #1 seller of EV's in terms of sales volume.
- ogre_codes 6y ago> You can bet that once the battery technology becomes cheap enough to stuff into cars with Corolla price tags, Toyota will be doing it, and they will be the #1 seller of EV's in terms of sales volume. Maybe. But you are assuming the cost of battery technology will be the same for everyone. Currently it seems like Tesla is about 3-5 years ahead of everyone in terms of price & performance. What happens if/ when[1] Tesla launches an EV at Corolla prices and Toyota is still waiting for battery prices to come down? I think it's far more likely at this point that Tesla will have a $25k EV in the next 5 years than Toyota.
- fomine3 6y agoIn the situation (Tesla and others) looks not a big problem for other manufacturers because Tesla can't fill all EV demands and not all people (especially outside US) like Tesla.