4 ms·

Toyota is sinking a lot of money and effort into anti-EV lobbying because they somehow missed the EV bus. https://arstechnica.com/cars/2021/07/toyota-bet-wrong

Toyota is sinking a lot of money and effort into anti-EV lobbying because they somehow missed the EV bus. https://arstechnica.com/cars/2021/07/toyota-bet-wrong-on-evs-so-now-its-lobbying-to-slow-the-transition/ https://arstechnica.com/cars/2021/07/toyota-bet-wrong-on-evs...

_aavaa_ 3y ago
That somehow was by being busy smoking their hydrogen pipe.
nxm 3y ago
And yet are looking like the winners at the moment with the EV market slowing down due to demand and offering hybrids which the market can’t get enough
- dalyons 3y ago
  The EV market is slowing down in the US only because manufacturers refuse to make affordable EVs. Ie, the point of the article. Toyota is going to get obliterated globally by Chinese EVs unless they change course very soon. Maybe they’ll hang on in the US for longer due to protectionism
  - Incipient 3y ago
    The US protects Japanese car manufacturers?
    - seanmcdirmid 3y ago
      The USA has tariffs on Chinese cars, and vice versa. Actually, China does the same thing with Japan, so I expect protectionism to make Chinese cars more expensive there also. But it’s primarily rules china put in place to protect their car market and encourage domestic production, and the rules in Japan and the USA are in retaliation to Chinese tariffs (which ironically are protecting them now instead).
- belltaco 3y ago
  "At the moment" is the key phrase. It remains to be seen if they will turn out to be the Nokia of the car world or Samsung.
- bryanlarsen 3y ago
  The market didn't slow down. The rate of growth showed down very slightly. The EV market is still growing quite quickly. There were more EV's sold in the first 9 months of 2023 than were sold in all of 2022. 2021->2022 came close to doubling. We won't and can't do that every year. But the market is still growing very quickly. https://www.canarymedia.com/articles/electric-vehicles/chart-us-ev-sales-are-having-a-record-setting-year https://www.canarymedia.com/articles/electric-vehicles/chart...
- fnordpiglet 3y ago
  I think the actual story is car makers who suddenly slapped together an EV hoping to make a Tesla are realizing Tesla makes teslas and they’ll have to find their own niche. Meanwhile model Y is the second most registered car make in the US behind F-150. https://www.kbb.com/car-news/tesla-model-y-jumps-to-2nd-in-new-vehicle-registrations/ https://www.kbb.com/car-news/tesla-model-y-jumps-to-2nd-in-n...

_aavaa_ 3y ago

That somehow was by being busy smoking their hydrogen pipe.

nxm 3y ago

And yet are looking like the winners at the moment with the EV market slowing down due to demand and offering hybrids which the market can’t get enough

dalyons 3y ago
The EV market is slowing down in the US only because manufacturers refuse to make affordable EVs. Ie, the point of the article. Toyota is going to get obliterated globally by Chinese EVs unless they change course very soon. Maybe they’ll hang on in the US for longer due to protectionism
- Incipient 3y ago
  The US protects Japanese car manufacturers?
  - seanmcdirmid 3y ago
    The USA has tariffs on Chinese cars, and vice versa. Actually, China does the same thing with Japan, so I expect protectionism to make Chinese cars more expensive there also. But it’s primarily rules china put in place to protect their car market and encourage domestic production, and the rules in Japan and the USA are in retaliation to Chinese tariffs (which ironically are protecting them now instead).
belltaco 3y ago
"At the moment" is the key phrase. It remains to be seen if they will turn out to be the Nokia of the car world or Samsung.
bryanlarsen 3y ago
The market didn't slow down. The rate of growth showed down very slightly. The EV market is still growing quite quickly. There were more EV's sold in the first 9 months of 2023 than were sold in all of 2022. 2021->2022 came close to doubling. We won't and can't do that every year. But the market is still growing very quickly. https://www.canarymedia.com/articles/electric-vehicles/chart-us-ev-sales-are-having-a-record-setting-year https://www.canarymedia.com/articles/electric-vehicles/chart...
fnordpiglet 3y ago
I think the actual story is car makers who suddenly slapped together an EV hoping to make a Tesla are realizing Tesla makes teslas and they’ll have to find their own niche. Meanwhile model Y is the second most registered car make in the US behind F-150. https://www.kbb.com/car-news/tesla-model-y-jumps-to-2nd-in-new-vehicle-registrations/ https://www.kbb.com/car-news/tesla-model-y-jumps-to-2nd-in-n...