Just on the back of this thread I follow with an article that articulates China's policy on compelling automakers to have electric vehicles as 10% (and rising) of sales volume from next year.
This forces Toyota to trot out a cut price model through one of its China subsidiaries (which will not carry Toyota badgework) just in order to meet the new requirements. I already knew that Toyota was delaying market entry with an EV. The interesting thing is why.....?
Exclusive: Toyota plans to roll into China's EV market in GAC Motor vehicle
Here's the tasty takeaway:
"Until recently, Toyota was one of the industry’s major hold-outs against full electrification. The company had planned to more or less skip battery-powered cars and turn instead to hydrogen fuel-cell technology as a mainstream alternative to gasoline-fueled cars. "
Bon apetit
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Just on the back of this thread I follow with an article that...
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