A $255 Billion EV Debate Is Raging Among the World’s Biggest Automakers

A $255 billion debate is raging among the world’s biggest automakers. Some think electric cars made by companies besides Tesla Inc. stand the chance to be hits, while others think they’ll fail to really sell.

Toyota Motor Corp. may have kicked off the green-car movement with its Prius hybrid more than 20 years ago, but the company is not nearly as bullish as rivals about the American consumer embracing EVs. Bob Carter, executive vice president of sales for Toyota Motor North America, said at a conference affiliated with this week’s New York auto show that batteries are still too expensive and place plug-in cars out of reach for many buyers.