Re:Toyota CEO talks about why he isn’t all-in on EVs
by seanmcdirmid on Sunday October 02, 2022 @09:24PM
(#33062338)
EVs have already hit it big in China now for more than a decade in the form of electric bicycles (the cheap kind, not the fancy > $1k ones we want in the west).
The largest EV market right now is China, and in India and other similar markets battery-swapping auto-rickshaws are increasingly common.
EVs in developing markets won't look like EVs in North America and Europe, but that doesn't mean that they won't be massive EV markets.