Saturday, August 29, 2009

Toyota Bets Against The Electric Revolution

Toyota Bets Against The Electric Revolution: "Tabuchi says:

* Batteries aren't ready.
* Toyota doesn't want to churn out some crap electric that tarnishes the brand.
* Electric cars are going to be expensive, with low margins.
* Have you noticed the $4.4 billion loss from last year? Maybe not the best time to burn a billion dollars on an electric project.
* Is the mass market ready for an electric car? Probably not.
* Hydrogen! Toyota is developing a better alternative car technology."

No comments: