Manual transmissions can help deliver torque across different speeds more efficiently when you’re restricted to using a single motor.
I mean like a real manual transmission hooked up to an electric motor. Not whatever software simulation discussed here.
Multi-speed transmissions (geared correctly) can amplify torque at low gear and increase speed at high gear by reducing the speed of the motor.
Manually shifting can also hold your speed, which is useful in stop-and-go traffic to avoid constant hopping back and forth between the throttle and the brake. Modern automatic transmissions want to get to a higher gear as soon as possible but if you allow the car to automatically accelerate too quickly to allow the transmission into a high gear, you find yourself crowding the rear bumper of the car in front too soon, forcing you on the brake.
But I get the impression that this is but a toy from Toyota, allowing those who want
both an EV and a (needless) manual transmission. With the EV's flat torque curve and maximum torque available immediately, a 2-speed (or at most 3-speed, I would think) transmission is enough, mainly to reduce motor speed at high road speeds.