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What about Toyota's plans makes you think they will ever catch up to everyone else with EVs?
Easy to catch up when EV market is shrinking. Toyota is right, gas hybrids are the future. Awesome range, you don't have to own a home to charge one, no problems in cold weather.
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Easy to catch up when EV market is shrinking. Toyota is right, gas hybrids are the future. Awesome range, you don't have to own a home to charge one, no problems in cold weather.
The EV market was 30% larger in 2023 than 2022.
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The EV market was 30% larger in 2023 than 2022.
Lagging indicator. Hertz is dumping their Teslas and canceled their purchase of 65k Polestars.
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Doesn't look like it. 4. Toyota RAV4 (434,943 units sold) 5. Tesla Model Y (385,900 units sold, estimated) https://www.caranddriver.com/news/g43553191/bestselling-cars... This source says the Model Y sold 403,897 (still behind the RAV4) https://www.visualcapitalist.com/best-selling-vehicles-in-am... This source says Model Y sales were 394,497: https://www.cnbc.com/2024/01/06/top-10-best-selling-cars-in-...
And this source says Model Y was #2 and RAV4 #3. https://wolfstreet.com/2023/12/07/tesla-model-y-is-2-us-best... My point stands, Model Y sales are matching RAV4 sales, for all practical purposes. And it happened in the space of a couple years. Toyota sells a lot of cars, but they're not the undisputed king of the hill. Also, not all RAV4s are hybrids. Model Y definitely outsold RAV4 hybrids. Though hybrids aren't an…
And yes, HEV's are EV's the same way BEV's are.
https://www.statista.com/statistics/1181404/alternative-sale...
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> What about Toyota's plans makes you think they will ever catch up to everyone else with EVs? Their history of engineering and execution. What makes you think think they can't? EV proponents like to argue that the simplicity is what makes EVs so great, but at the same time making arguments like "no one can catch up". Believe it or not, it's not a certainty that EVs are going to be the solution, rather than just an i…
What makes me think they can't catch up is watching them spend dramatically less than their competition on the needed infrastructure when they are already very far behind. To catch up from behind, you need to do more than your competition.
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Electric cars are not that popular, period. Hybrids may turn out to be a more popular option.
What I meant is that Toyota electric cars are not popular inside the electric category. From range to charging speeds, they're behind other brands.
When you run a company as large and old as Toyota, you always hedge your bets. There are some other options to battery-powered electric vehicles (hydrogen IC). They are currently not as mature but anyone running something as big as Toyota needs to hedge against that sort of outlier tech. If Toyota abandoned IC, got rid of its IC production lines, they would suffer hugely if hydrogen IC one out as the green tech. All the major car companies do such things. That's why they have survived as long as they have.
Would Tesla survive if a new hydrogen storage killed the market for battery-powered cars? Toyota has seen and survived a few such revolutions.
More Biden policy winning back investment in America, is my take. Update: People who may not have been following closely what Biden has accomplished during his Presidency might have questions. In this case, the Inflation Reduction Act specifically has credits to encourage battery manufacture in the US. https://www.orrick.com/en/Insights/2022/11/Section-45X-of-th ... More generally, the IRA and the Infrastructure Inve…
I'm left of Bernie and voted for Biden but I tend to not like takes like this. Is there a specific policy that he championed that is responsible for this? To me, it's like when people cheer a 'record stock market' as an example of a president's abilities, but fail to mention every single modern president has had a record stock market at some point in their term.
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Electric cars are not that popular, period. Hybrids may turn out to be a more popular option.
Hybrids have basically all the possible parts that can break.