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Originally Posted by mazeroni
Honda is in the same weird position. They had to turn to GM to build their first EV crossovers because they haven't made the investments.
However, let's not forget that American companies that are driving innovation and pursuing these 2035 targets are doing so with profits from big V8 trucks and SUVs.
Toyota and Honda I think lack the flexibility to say we are going to dump $30 billion into EVs over the next 10 years because they don't sell Yukon's in droves. Or in VWs case, Porsches and Bentlys paying for everything. So they need to fight back and try to slow things down and cut back on thei financial risks.
Their critique s of EVs is fair, but the market has decided what things will look like 10-20 years. Regardless of whether it is right or not.
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Toyota has the money to dump into EVs, but they didn't want to because the CEO didn't see how they were sustainable products. Currents EV are disposed of like cellphones. They are making a $13.6 billion investment in battery tech with 203 patents currently. They have been better at risk management than GM and VW for a while now. They understand their customers expect reliability and ease of use. The current EV infrastructure doesn't support ease of use outside a Tesla contributing to the 2% EV take rate among new auto sales.