Toyota, once a pioneer in the electric vehicle (EV) market, is reportedly set to abandon its plans for a next-generation EV platform, sending shockwaves through the automotive industry. The decision comes as a surprise, given the Japanese automaker's previous commitments to electrification and its goal to offer 70 hybrid and electric models by 2025. Insiders claim the move is due to the high costs and technical challenges associated with developing advanced EV technology, which may be a significant blow to the company's efforts to reduce its carbon footprint. As the global shift towards sustainable transportation continues, Toyota's change of heart raises questions about its long-term strategy and commitment to a greener future.
Toyota to pull plug on next-gen EV development The Japan Times
