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Toyota is not immune to throwing good money after bad. They have dumped billions into hydrogen fuel cell research and production over three decades. Last year t
by dghlsakjg 10mo ago
Toyota is not immune to throwing good money after bad. They have dumped billions into hydrogen fuel cell research and production over three decades. Last year they sold more Venzas than hydrogen cars.
Notably, the Venza was discontinued after the 2024 model year and those sales figures represent inventory leftover from prior years.
- epolanski 10mo agoYes doing business involves taking risks. Avoiding EV fomo when the market wasn't there was a good calculated risk.
- rootusrootus 10mo agoYou give them credit for taking a risk on hydrogen but not the manufacturers who took a risk on EVs? Interesting.
- mebizzle 10mo agoAlso conveniently ignores Toyota's quality slipping to shit in recent years
- epolanski 10mo agoToyota and Lexus are still the most reliable cars on the planet.
- rootusrootus 10mo agoWe reached the point a long time ago where there weren't really any 'shit' cars any more, just variations on okay. Toyota does have a good record, though it tends to mean that buying them brand new is the best choice, they hold their value too well on the used market compared to their actual reliability advantage.
- epolanski 10mo agoNo, because the manufacturers who took a risk on EVs, at large, did it due to FOMO and investor pressure after seeing Tesla balloon in the stock market.
- rootusrootus 10mo agoNow that's a hot take, do you own Toyota stock or something? ;-) A more sober analysis would suggest that EVs have been surging in popularity while every rational analysis of hydrogen overwhelmingly suggests it is infeasible. Toyota did make a BEV, too. FOMO?