The lines have been drawn. The world’s major automakers have set clear targets for electrifying their model lineups.
On the other side is Toyota, which will continue to promote its hybrid technology through 2030 and beyond.
Toyota has mapped out an electrification plan that is not overly dependent on subsidies or creative accounting. By focusing on hybrids – gasoline cars that run in part on battery power – the automaker is sticking to a formula that has generated profits for more than a decade.