In the oak-paneled boardrooms of global OEMs, executives sat and scratched their heads. They couldn’t understand what Toyota was doing and wondered why it was hedging its bets about an all-electric future. After all, this was the company that tried to force-feed the Prius as some kind of global shorthand for green motoring. In doing so, Toyota was one of the earliest adopters of the electrification concept, but now it had decided to slam on the brakes.
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