China Drags Toyota Into Electric Future – Wall Street Journal
To the latecomers are left the shreds. And for Toyota, that could be tough to digest.
After years of shunning mass-market electric vehicles, the world’s largest car maker finally capitulated to the market last week, quietly putting out a statement that it is forming an in-house unit to build battery-powered cars as an “alternative means” to reaching zero-emission standards.
While Toyota produces over 70% of the world’s hybrid…