There is a reason why Toyota, the largest and most profitable global auto producer, which clearly has the technology to produce an EV, will not do so. They know their markets and they have said quite often there is not the charging infrastructure to support them and the range anxiety of prospective purchasers is insurmountable at this time. The market is not ready yet for them. Their cheaper hybrids with no charging issues or range anxiety will be bigger beneficiaries of this latest round of gas hikes.
RE: There is a reason why Toyota, the largest and most profitable global auto producer, which clearly has the technology to produce an EV, will not do so
But Toyota ALREADY HAS electric vehicles. See here:
https://www.toyota.com/upcoming-vehicles/bz4x/