Toyota Follows Consumer Choice in Move to Electric Vehicles

June 17, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)--As the world's automakers have begun to phase out gasoline-powered vehicles in favor of electric vehicles, Toyota Motor Corporation (NYSE:TM) (Toyota City, Aichi, Japan) has been more measured in its approach.

As reported by Reuters, Toyota executives at their recent annual meeting indicated that they will continue to work with technologies, such as fuel cells and hybrid vehicles, in order to offer choices to consumers who will ultimately determine how fast and to what depth electrification will occur.