The Clap Toyota Motors (NYSE: TM) will not change its strategy of offering electrified vehicles, including hybrids and electrified vehicles, rather than fully electric vehicles.
The Deets Toyota believes that all-electric vehicles are not the only way to reduce carbon emissions and the company will continue to offer hybrid vehicles to present the significant environmental impact that hybrids make.
Toyota sees that not all countries will adopt fully electric vehicles due to the high cost of EVs and the lack of infrastructure to accommodate these vehicles.
Why this Matters Due to its strategy, Toyota is the lowest ranked company in the auto-industry decarbonization ranking for the past 2 years.
What Now Toyota intends to invest around $70 billion in hybrid vehicles, with an aim to offer 75 different hybrid models by 2025.