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(21,528 posts)
Thu Feb 29, 2024, 04:09 PM Feb 29

Interesting document from Toyota about hybrids vs EVs [View all]


From last June but still relevant.

Nothing beats sending someone a private message, only to have them immediately take a screenshot and send it to someone else.

Corporate leak: Toyota recently issued a summary of its electric vehicle production and sales strategy to its dealerships, providing insight into Toyota’s decision to focus more on hybrids than full EVs. Like any good confidential internal document, it was promptly leaked to the public over Twitter.

Toyota intends to focus on hybrids instead of EVs because of three major barriers to EV adoption

1. Critical mineral supply: According to Benchmark Minerals, over 300 new mines are required to support battery demand by 2035. While U.S. battery manufacturing capacity is taking off, Toyota doesn’t think raw mineral supply will be able to keep up, leading to shortages and higher costs.
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