Car companies need to meet the fleet emissions standards in the EU and China. They need to sell electric cars to achieve that or waste money on fines. Volkswag

Car companies need to meet the fleet emissions standards in the EU and China. They need to sell electric cars to achieve that or waste money on fines. Volkswagen sold the most EVs in Europe in 2020 but they still didn't quite meet their fleet emissions targets: https://www.reuters.com/article/us-volkswagen-emissions-idUSKBN29Q1JI https://www.reuters.com/article/us-volkswagen-emissions-idUS... Because Toyota has been selling hybrids for so long they are in a good position with their fleet emissions. They don't yet have the same need to start selling EVs at volume.