Posted on 11/11/2022 8:05:43 PM PST by SmokingJoe
When it comes to EVs, Toyota has been dragging their feet, but now reality is hitting them smack in the face - they were wrong about EVs - and are beginning to look a bit like Kodak. Meanwhile, Tesla has been kicking butt and taking names and Toyota may soon be a relic of the past if they don’t pivot quickly.
The trouble with Toyota is, they have been number 1 in the car business for so long, they find it hard to turn round and even contemplate reducing their dominant position in the ICE vehicles to commit seriously to EV's. They are still making half hearted efforts with their hybrid cars and a very small market share in EVs. Its going to cost them sooner or later.
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Wrong Toyota sales globally grew last year. Check the link
Tesla is almost there, and should be there within a year. They're paying down the debt on their new factories and expansion, which is paying for itself with more production and sales.
Tesla is not just a car manufacturing company. Selling cars is funding their other endeavors, that will be far more profitable. Very little effort now goes into producing their vehicles, due to the simplicity of their construction. They will make huge profits on their AI, robotics, and utility/energy divisions. Critics are focusing on their EV's, while being oblivious to what Tesla is all about.
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.
Thanks! Hybrids are the way. Your battery pack is pathetic by EV standards. But a 40 miles charge is enough to run around town daily. Then plug into 220v at home. I have a 220 line for my dryer. Very common. (I only own ICE)
Then for long hauls and vacation, your hybrid functions as an ICE vehicle.
True but the infrastructure isn’t great. The premise is flawed since Tesla’s cost so much more. It’s like saying Apple is winning because it’s profit margins and market cap are so high even if they are not the unit sales leader. Tesla and Toyota have different definitions of success, different goals, different markets.
what is the difference between an EV and a hybrid?
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