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Despite all the hype we’ve seen with EVs over the past couple of years, one automaker that has refused to jump onto the trend is Toyota. They’ve consistently stuck with hybrid cars and even hydrogen cars, but they’re quite unwilling to jump over to fully electric vehicles. This is quite ironic given that Toyota was a pioneer of the electrification trend having launched the Prius way back in the late 1990s. Much of Toyota’s hesitance to embrace electric vehicles is due to the energy crisis and Japan which would only be made worse by fully electric vehicles. But, this has actually worked out pretty well in Toyota’s favor as it seems that the average person is also quite hesitant to jump over to EVs. In fact, Tesla deliveries are down 8.5% year over year, but hybrid sales are up 76%. This video explains the various reasons why EVs aren’t picking up as quickly as enthusiasts expected and whether Toyota was right all along about fully electric vehicles.
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Timestamps:
0:00 - Toyota’s Big Bet
2:11 - Biased Intentions
6:42 - The Case For Hybrids
9:56 - The Future Of EVs
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This video is not a solicitation or personal financial advice. All investing involves risk. Please do your own research.
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