While demand for EVs is certainly growing and in some areas a total switch may be already possible, there still is an enormous critical demand for ICEVs in the world. There are areas in the world where people drive long distances by car, but the homes don't have electricity yet. Especially in non-Western countries.
Nobody in their right mind would buy an EV there. It may look differently in 10 or 15 years from now, but this is the reality today and this is one of Toyota's markets. They are the maker of the Land Cruiser and the Prius.
There is a reason, why the Prius is so wildly popular all over the world. It is capable of driving long distances anywhere, but it saves money at the same time, while it almost never breaks down. Toyota is not ignorant at all. They realize that now is the time for gradually transitioning to EV, but not for making a sudden dogmatic switch to EV, while ignoring what people actually need. The logical outcome of this though process is the hybrid car. And then the plug-in hybrid. And then the EV - at some point in the future.
Where in the world do people drive long distances in a car, but don't have electricity? And do many people actually live there? For example the desert might not have power lines, but it doesn't have many people either.
Nobody in their right mind would buy an EV there. It may look differently in 10 or 15 years from now, but this is the reality today and this is one of Toyota's markets. They are the maker of the Land Cruiser and the Prius.
There is a reason, why the Prius is so wildly popular all over the world. It is capable of driving long distances anywhere, but it saves money at the same time, while it almost never breaks down. Toyota is not ignorant at all. They realize that now is the time for gradually transitioning to EV, but not for making a sudden dogmatic switch to EV, while ignoring what people actually need. The logical outcome of this though process is the hybrid car. And then the plug-in hybrid. And then the EV - at some point in the future.