Toyota (TYT.L), as the new largest vehicle manufacturer in the world, has been strangely quiet in the electric vehicle (EV) market. They are one of the most established names in the hybrid market, manufacturing some of the most popular hybrid models globally, including the Prius. However, they have not yet mass-produced a bespoke battery electric vehicle (BEV) for markets outside of China.
A few days ago, Toyota announced their first two US BEVs, releasing 2022. These new vehicles may mark a decided change in Toyota’s long term strategy, shifting away from their position backing hybrid and […]