Toyota Delaying EV Program To Implement Tesla-Beating Tech, Report Claims | Carscoops carscoops
poised to announce a rethink of its EV strategy that might result in delays to vital new models due in the next three years, according to a new report.
The Japanese automaker was a pioneer in electrified cars with its Prius but has been slow to join the full-EV market. And the cars it has launched, , are less powerful and less efficient than Tesla’s equivalent models, while also making far less money.reports that Tesla made nearly eight times as much profit per vehicle compared to Toyota in the third quarter of 2022 and that the American company’s simpler EV production and lower costs are partly responsible for the difference., plus other established traditional carmakers that have responded more quickly and efficiently to the boom in EV sales.
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