Toyota is not wrong about EVs. It is going the hybrid route, which looks better to me. If your hybrid can only do 40-50 miles on the fully charged battery... This means the battery is smaller, not as heavy. Easier to fully charge at night while plugged into a 220 volt line.
This way, if you mostly drive around town daily, you can go fully electric and save by not buying gasoline. Then in effect you are owning and driving an EV. At the same time, you can take a 1000 mile quickie family vacation and go (nearly) all gasoline powered.
Toyota is not right.
Their sales have been heading down even as Tesla’s kept skyrocketing.
Hybrids are great. My daughter has a Nissan hybrid, for the last 15 years she's been driving it back and forth between California, Kansas, Texas and Minnesota, putting thousands of miles on it and getting great gas mileage. Much of the time she is driving it locally, on the battery power. She had the battery pack replaced a few years ago, cost her less than $1500 and drives like new - so the car has been a great value money-wise. BTW, the Nissan hybrid tech was licensed from Toyota.