Toyota Believes Electric Vehicles Not Yet Ready for Mass Production

Toyota Believes Electric Vehicles Not Yet Ready for Mass Production

“Battery-powered cars with a long range are very expensive and it takes a long time to charge them. Such cars do not fit in our program,” said Takeshi Uchiyamada, chairman of Japan’s Toyota Motor Corp, through the German magazine Der Spiegel . He deems that electric vehicles are not yet ready for mass production. This was after the announcement of Toyota last September that it has established a joint venture with Mazda to develop electric vehicle technology. The two automakers agreed on founding the new venture in pursuit of catching up with their rivals in the midst of rapidly […]