Toyota finally admits ‘timing is right’ for an EV-first mindset amid business reshuffle

Amid new leadership changes, Toyota is reshuffling its business structure, claiming the “time is right” to accelerate battery electric vehicle (BEV) development. Toyota says it will take a new EV-first approach, starting with its luxury brand Lexus. Last week, Electrek reported Toyota’s longtime CEO Akio Toyoda was stepping down from his position amid mounting pressure to accelerate EV development and keep up

Toyota bet wrong on EVs, so now it’s lobbying to slow the transition

Executives at Toyota had a moment of inspiration when the company first developed the Prius. That moment, apparently, has long since passed. The Prius was the world’s first mass-produced hybrid car, years ahead of any competitors. The first model, a small sedan, was classic Toyota—a reliable vehicle tailor-made for commuting. After a major redesign in