Looks like Toyota was right about EVs

Toyota has gained ground by prioritizing hybrids over battery electric vehicles, a decision that, in the past, drew widespread derision. To many, it seemed that Toyota, which had popularized gas-electric hybrids with the Prius, was living in the past, having invested and developed the technology over two decades. To them, EVs were a bullet train, and Toyoda was standing on the platform waiting for the next one to arrive.

Yet, as more EVs come to market, demand among mainstream buyers has waned. The EVs’ relative lack of range and the paucity of charging stations are deal-breakers. Even as the range has improved, buyers remain unconvinced. To make matters worse, they’re pricey. [Read more…]