Toyota To Sell Battery Powered EVs by 2020 After Finally Realizing Fuel Cell Program Was a Disaster
November 7th, 2016Well, better to have just one lost decade than two lost decades.
Good job, Toyota.
Via: Electrek:
The news comes as Toyota is having difficulties selling the Mirai, its hydrogen cars, in the US. Despite cutting the price on several occasions, with now a lease at only $350 (down from $500) in California, the Japanese automaker can’t find a market for the vehicle and only delivered 782 units since it started deliveries last year – and that’s including the state buying dozens of them for their own fleets to justify the millions of dollars spent on refuelling infrastructure.
Several industry watchers predicted that Toyota would eventually turn to batteries in its effort to deliver zero-emission vehicles – it was more a question of when they would make the transition. Now a new report this morning coming from Japan’s Nikkei (via Reuters) claims that Toyota is planning to invest in a team in early 2017 to develop an electric car with a range of “more than 300 km (186 miles) on a single charge” and ready to hit the market by 2020.
