rainman + 263 June 13, 2019 Toyota Motor Corp aims to get half of its global sales from electrified vehicles by 2025, five years ahead of schedule, and will tap Chinese battery makers to meet the accelerated global shift to electricity-powered cars. The change illustrates the breakneck growth in the electric vehicle (EV) market, which is transforming the auto industry, and is also an acknowledgment by Japan’s top car maker that it may not be able to meet demand for batteries on its own. Toyota is now faced with a higher-than-expected demand for cars that use batteries, rather than gasoline, Executive Vice President Shigeki Terashi told. Also, increasingly stringent emissions regulations require more lithium-ion batteries in the next five years than the automaker plans to produce, he added. “We consider ourselves as a maker of electric vehicle batteries, going back to when we developed the battery for the Prius,” he said, referring to the pioneering gasoline hybrid. 1 1 Quote Share this post Link to post Share on other sites
francoba + 93 fb June 13, 2019 (edited) Obviously, very soon this will be the kind of news from every major automaker ! Edited June 13, 2019 by francoba 1 1 Quote Share this post Link to post Share on other sites
ThunderBlade + 231 TB June 13, 2019 It's coming like Tsunami..... 1 Quote Share this post Link to post Share on other sites
francoba + 93 fb June 13, 2019 Great news. 1 Quote Share this post Link to post Share on other sites
50 shades of black + 254 June 13, 2019 "Hydrogen station explodes, Toyota halts sales of fuel cell cars, is this the end?" https://electrek.co/2019/06/11/hydrogen-station-explodes-toyota-halts-sales-fuel-cell-cars/ 1 Quote Share this post Link to post Share on other sites
BenFranklin'sSpectacles + 762 SF June 14, 2019 22 hours ago, rainman said: Toyota Motor Corp aims to get half of its global sales from electrified vehicles by 2025, five years ahead of schedule, and will tap Chinese battery makers to meet the accelerated global shift to electricity-powered cars. The change illustrates the breakneck growth in the electric vehicle (EV) market, which is transforming the auto industry, and is also an acknowledgment by Japan’s top car maker that it may not be able to meet demand for batteries on its own. Toyota is now faced with a higher-than-expected demand for cars that use batteries, rather than gasoline, Executive Vice President Shigeki Terashi told. Also, increasingly stringent emissions regulations require more lithium-ion batteries in the next five years than the automaker plans to produce, he added. “We consider ourselves as a maker of electric vehicle batteries, going back to when we developed the battery for the Prius,” he said, referring to the pioneering gasoline hybrid. 22 hours ago, francoba said: Obviously, very soon this will be the kind of news from every major automaker ! On that note, I've noticed that EV sales forecasts are continually being revised upward. I don't think the analysts realize how valuable EVs are to consumers, how quickly battery production can be increased, and what those facts mean for EV sales growth. Quote Share this post Link to post Share on other sites