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Toyota EV market innovation
From this recent article from investor relations company S&P Global -
"Meanwhile, Japanese carmaker Toyota is planning a late foray into the battery-electric vehicle market, according to S&P Global Market Intelligence. Despite having pioneered emissions-reducing technology in its first-generation Prius more than 20 years ago in 1997, the company doesn’t plan to produce any battery-electric vehicles within the next five years. Instead, Toyota is planning to produce 1 million battery-electric and hydrogen fuel cell car sales by 2035.
"Toyota is betting on seeing a quantum leap in its EV development and EV success from 2025 on, when its solid-state battery will arrive, and be ready for a more aggressive approach by then," Julie Boote, an analyst at Pelham Smithers, said in a research note, according to S&P Global Market Intelligence.
"One risk would be consumers in developed markets don't think of them as a [battery-electric vehicle] BEV firm but Toyota has plenty of marketing... -
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Electric vehicle sales slump as supply challenges leave dealerships with shortages
Electric vehicle sales slump as supply challenges leave dealerships with shortages
The COVID-19 pandemic has pummelled Canada's automobile industry but it's the lack of supply that's helping to short-circuit electric vehicle adoption across the country.
Electric vehicle sales slump as supply challenges leave dealerships with shortages | CTV News | Autos
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