18 May '17, 9pm

Toyota CEO Says Move to EVs May Be Boring, Costly

Toyota CEO Says Move to EVs May Be Boring, Costly

Toyota is already criticized enough for being boring. Now its CEO is saying that a market shift toward EVs will be boring and expensive. This was said by CEO Akio Toyoda even as he leads a special project team that plans to build an EV by 2020, and as it works to catch up to Chevrolet, Tesla, and others in the mainstream EV market. Those two automakers are releasing affordable EVs with 200-plus miles range – the Bolt and Model 3 – this year (the Bolt is already available in some states, with the full rollout expected by summer). Volkswagen is also expected to have multiple EVs available by 2020 and as many as 30 EV models by 2025, and let’s not forget Nissan’s next Leaf due this year as well. SEE ALSO: Toyota Collaborating on $35 Million Artificial Intelligence Projects In an interview with Automotive News , Toyoda appeared indifferent to an all-electric version of the com...

Full article: http://www.hybridcars.com/toyota-ceo-says-move-to-evs-may...

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