Toyota Motor Corp has scrapped plans for widespread sales of a new all-electric minicar, saying it had misread the market and the ability of still-emerging battery technology to meet consumer demands.
Toyota, which had already taken a more conservative view of the market for battery-powered cars than rivals General Motors Co and Nissan Motor Co, said it would only sell about 100 battery-powered eQ vehicles in the United States and Japan in an extremely limited release.
Read the full story on Reuters.
Interesting contrast to Tesla Motors who just rolled out their Supercharger network of charging stations and is offering free charging to Model S customers. By the time BMW gets their EV i3 and i8 to market it will either be owned by Tesla or be dead in the water. Who do you think has the right strategy, Toyota or Tesla?
Recent BMW News
Latest Forum Discussions
- Combox update via winkfp
- Headlight and Foglight Wiring Diagram..??
- Bought my first Bimmer... (08' 328xi)
- 328IX coils and plugs - reliability
- Thoughts on this deal
- Question for E93 + SmartTop Owners
- Electrical issues... need to find source of problem/corrosion
- Dumb question - oil change
- 2008 335i DTC P3027 P2247
- Please help identifying these AR Design Downpipes