Reports that Toyota, world's largest automaker, sees the writing...

Reports that Toyota, world's largest automaker, sees the writing on the wall re. EV revolution. Add them to the long list of auto cos. needing more lithium product.

See article below from The Driven:

Toyota has infamously focused its attention on hybrid and fuel cell-vehicles, and agitated behind the scenes to dilute or slow down the transition to EVs, most notably through its opposition to binding and tough vehicle emissions standards.

Its focus on hybrids has paid off well, at least in terms of short term sales. But there is now a growing fear within Toyota that they will be stuck with the “fax machine” of the car industry, and left behind Tesla and other legacy competitors in the accelerating switch to electric.

In a report published on Tuesday morning, news agency Reuters quoted four un-named sources within Toyota that the company is considering changing its strategy to enable it to better compete in what is now clearly a booming market.
The move is being described as a rewrite and a “re-boot” of the EV rollout plan it announced last year and is being led by the heads of a new division dubbed “business revolution”, as if to underpin the scale and urgency of what is being considered.