They fired their chairman last year for resisting a switch to manufacturing all-electric cars
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Fortune: 1/26/23
Electric vehicles are a big reason Toyota’s CEO is bowing out: ‘I’m an old-fashioned person’
And the NYT: 9/07/23
Toyota's Dominance Threatened by Rise of Electric Vehicles - The New ...
Sep 7, 2023 Toyota, a Hybrid Pioneer, Struggles to Master Electric Vehicles. The world's largest carmaker dominates the sales of hybrid cars but has been slow to sell all-electric vehicles, alienating some ...
Daily Caller: 02/07/24
Toyota Refused To Hop On The Electric Vehicle Bandwagon, And It Paid Off Big Time
oyota said Tuesday the company will see an annual profit of $30 billion at the end of the fiscal year in March, and it’s probably down to one big decision.
The Japanese car giant suggested that its decision to avoid going fully electric within its fleet of vehicles, and instead emphasize hybrid machines, is likely why it’ll end the fiscal year on such a high, according to Axios. Shares in Toyota rose nearly 50% in the last 12 months, while electric vehicle manufacturers struggle to deal with the fact that no one wants their stupid cars.
Ford was forced to cut the price of the electric version of its iconic F-150 pickup truck by around $10,000 because no one wanted to buy them. Models were piling up at dealerships, despite the lower-cost, because common sense consumers know that electric vehicles (a) don’t really help the planet as they are still fueled by electricity from traditional power plants, and (b) are often junked over the most minor of damages.
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