Toyota pulls plug on electric vehicle launch
Toyota corporation has now announced that electric vehicles (EVs) don’t make business or financial sense at this point.
Toyota Vice Chairman Takeshi Uchiyamada, also head of Toyota R&D, announced in Japan that the company was ending plans for a volume launch of its second all-electric car, the eQ. Uchiyamada said that Toyota hopes for only 2,600 sales worldwide of its other EV, a RAV4 version, over the next three years.
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