Toyota to Spend $35 Billion on Electric Push in an Effort to Take on Tesla

InsideClimate News
By Vernon LoebDec 30, 2021, 5:00 am481 ptsHot
The auto giant’s investment target trails VW’s $58.5 billion pledge. But one analyst said Toyota seems now to have a “high level of commitment” to EVs. By Eri Sugiura and Leo Lewis, The Financial Times Toyota said it will pour $35bn into a shift towards electric vehicles as the world’s biggest…

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