this post was submitted on 29 Nov 2023
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I think it's more likely that Toyota dropped the ball on not investing in EVs early, so that they felt the need to announce they were working on some thing in hopes of staying relevant.
Toyota has been claiming to have EV-killing tech 3-5 years away for 20 years. It's part of the plan for selling hybrids.
This, 100%
I mean…. Really? Toyota kind of kicked off the whole EV shebang by introducing the first commercially successful hybrid in the Prius. And they’ve been innovating in the space ever since. Don’t mistake this for me believing they have a solid state battery right around the corner. But Japanese auto companies aren’t known for being on the forefront. They’re known for doing what everyone else does with better reliability and lower costs.