VWAPY - The World Is Closing In On Toyota; Electrification Accelerating
- Toyota plans for ~10% BEV production by 2030; if it stays with that ambition this will make it a small player in the BEV game.
- Toyota expands JV with Hino to produce a big hydrogen-powered truck in the US possibly early next year, following an earlier announcement about an FCEV truck in Japan.
- Tesla big Semi looms large when one compares FCEV trucks and their current status (including Nikola crisis).
- International scene might force Toyota’s hand, with big new BEV plans in Europe and China, plus Biden’s US plan for $2 trillion renewables over 4 years, including massive push on vehicle electrification, if he gets elected.
For further details see:
The World Is Closing In On Toyota; Electrification Accelerating