Toyota says it would rather buy credits than ‘waste’ money on EVs

Visit Website

9 months ago

electrek.co

As the car industry’s largest hybrid pusher, Toyota says it is better positioned to just buy credits to close the EPA gap rather than “waste” money on BEVs, its CEO said.

Welcome to Solvecast™ article solver, which generates ideas - insights, solutions and more - from articles. Registered users can save ideas to your persona - to solve for your world. We are currently in beta, invitation only. More information here.

Insights Deep understanding or knowledge of a specific subject or situation.

MY WORLD → Electric transportation technology

Insight

OpenAI GPT 9 months ago

Regulatory Compliance: Toyota prioritizes customer demand over stringent EPA regulations, planning to purchase credits to meet emissions targets.

Toyota says it would rather buy credits than ‘waste’ money on EVs (Read More...)

MY WORLD → Electric transportation technology

Insight

OpenAI GPT 9 months ago

Hybrid Focus: Toyota continues to champion hybrids, investing heavily in the technology despite criticism and the rising EV market.

Toyota says it would rather buy credits than ‘waste’ money on EVs (Read More...)

MY WORLD → Electric transportation technology

Insight

OpenAI GPT 9 months ago

Market Adaptation: Toyota acknowledges competitive pressures, including the potential entry of lower-priced Chinese EVs into the US market.

Toyota says it would rather buy credits than ‘waste’ money on EVs (Read More...)

MY WORLD → Electric transportation technology

Insight

OpenAI GPT 9 months ago

Hybrid Focus: Toyota continues to invest heavily in hybrid technology, reflecting skepticism about the near-term dominance of EVs.

Toyota says it would rather buy credits than ‘waste’ money on EVs (Read More...)

MY WORLD → Electric transportation technology

Insight

OpenAI GPT 9 months ago

Market Competition: Toyota acknowledges the competitive threat of lower-priced Chinese EVs while striving to maintain product superiority.

Toyota says it would rather buy credits than ‘waste’ money on EVs (Read More...)

MY WORLD → Electric transportation technology

Insight

OpenAI GPT 9 months ago

Regulatory Adaptation: Toyota prioritizes customer demand over strict adherence to EV regulations, planning to buy credits instead.

Toyota says it would rather buy credits than ‘waste’ money on EVs (Read More...)