There is turmoil at Toyota regarding the EV strategy outlined in last December’s mega-event that saw 30 concepts unveiled. It’s now believed within Toyota that the brand-new eTGNA platform isn’t competitive enough — from Reuters:
The review was triggered in part by the realisation by some Toyota engineers and executives that Toyota was losing the factory cost war to Tesla on EVs, the sources said.
Toyota designed e-TNGA so that EVs could be produced on the same assembly line with gasoline cars and hybrids. That made sense based on the assumption Toyota would need to sell about 3.5 million EVs a year – roughly one-third of its current global volume – by 2030 to stay...