It’s Too Early to Focus on Electric Cars Only, Toyota Says
- Some consumers don’t see current EV technologies as convenient
- Executives asked about company’s EV strategy at annual meeting
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Toyota Motor Corp.’s lineup over the next 30 years will contain a myriad of options beyond just electric vehicles, executives at an annual shareholder meeting said Wednesday.
“It’s too early to concentrate on one option,” said director Shigeki Terashi, responding to an investor’s question about why the world’s biggest carmaker is taking a different electrification route than Honda Motor Co. which is targeting all electric vehicle sales by 2040.