#toyotaevs

Despite its size and considerable resources, Toyota has been slow to develop and release new EV models. That will likely change under its new CEO, but the automaker has a long way to go, as its recent tear-down of a Tesla Model Y highlighted its deficiencies in EV engineering.

Toyota was slow to get going with electric vehicle development, but it’s got a new CEO and a fresh outlook on what it will take to remain the world’s largest automaker. To improve its chances and gain eligibility for federal tax credits, Toyota needs to build EVs in the United States. That could be changing as early as 2025, according to a new report from Nikkei.