A major blow to Toyota's electric vehicle ambitions has been dealt, as the Japanese automaker has reportedly canceled plans for its highly-anticipated EV flagship, which was set to spearhead the company's goal of selling 1 million electric vehicles by 2030. The move is a significant setback for the industry's transition to more sustainable transportation, and raises questions about Toyota's commitment to its eco-friendly goals. Sources close to the matter indicate that the decision to scrap the flagship EV was made due to concerns over battery technology and production costs, which have hindered the development of a viable and affordable electric vehicle that meets Toyota's standards. With the cancellation of this key project, the future of Toyota's EV lineup remains uncertain, and industry insiders are left wondering what this means for the company's long-term sustainability plans.
Toyota’s EV Flagship Is Dead: Why Lexus Just Scrapped the Car Meant to Lead a 1 Million-EV Future Yahoo Autos
