Toyota is investing over $13 billion in EV batteries while lobbying to slow everyone else
September 11, 2021
Toyota announced that it is investing over $13 billion in EV batteries as it is trying to catch up after falling behind in electrification.
In the meantime, the Japanese automaker has led lobbying efforts to slow broader EV adoption.
Toyota has yet to launch a battery-powered electric vehicle outside of China.
Executives for the automaker have often downplayed all-electric vehicles, and instead…