Autos

Toyota CEO doubles down on EV strategy amid criticism it’s not moving fast enough

0


A Toyota bZ4X on display at the New York Auto Show, April 13, 2022.

Scott Mlyn | CNBC

LAS VEGAS – Toyota Motor is standing by its electric vehicle strategy, including hybrids like the Prius, following criticism by some investors and environmentalist groups that the company is transitioning too slowly to EVs.

Toyota CEO Akio Toyoda, who has built a corporate strategy around the idea that EVs aren’t the only solution for automakers to reach carbon neutrality, said Thursday the company will move forward with plans to offer an array of so-called electrified vehicles for the foreseeable future – ranging from hybrids and plug-ins to all-electric and hydrogen electric vehicles.

“Everything is…



Source cnbc.com

0 0 votes
Article Rating

Jobless claims hit five-month low despite Fed’s efforts to slow labor market

Previous article

Australia’s house prices fall, interest rates rise but analysts say no crash yet

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Autos