Great article explaining how Toyota, No 1 automaker in the world just at the moment, may have already left it too late to transition to electric vehicles. The writer argues Toyota is held back by its investment in infrastructure required to manufacture internal combustion motor vehicles, and cannot easily gear up to produce electric vehicles in quantities to match other car makes such as Tesla who are totally invested in EVs, and are already producing more EVs per annum than Toyota.
This just confirms the demand for materials critical to the manufacture of EVs. Good for VML.
https://thedriven.io/2023/01/30/toyota-faces-disaster-unless-new-ceo-performs-miracle-pivot-to-electric-vehicles/
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