New Toyota NA president doesn't see electric vehicles as mainstream in the near future
Responding to the EV question, Inaba-san told the group "we don't see in the near future electric vehicles being mainstream... We don't see the major breakthrough in battery technology."
Inaba-san didn't rule out introducing an EV if upcoming machines from Nissan, Ford, GM and others take off in the market, but seemed unwilling to commit to losing a lot of money on a battery-powered vehicle.
Inaba stressed that "in terms of technology, we do not believe that we are behind, but acknowledged that Toyota is not ahead either... We believe in hybrid technology," he said, adding tha hybrids are "more realistic for at least the next four-five years. Read the rest of what Inaba-san had to say on topics like NUMMI and profitability over at Autoblog.
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