Toyota to spend 1.5T yen on EV battery development
This is a maybe 1.4B per year thing. That&#x27;s... not huge.<p>What <i>IS</i> incredible is that Toyota HAD the absolute lead in EV. Their hybrid power trains had everything needed, they literally had power mgmt, battery, electric motors etc.<p>Then they went absolutely crazy over hydrogen - which I always hated. The cycle is terrible currently (from production to power on road).<p>The mind boggles a bit to imagine what might have been for them if they had just moved forward on hybrid, plug in hybrid, full EV path. They could have blended that mix more and more until full EV. They had most of the pieces it seems including production capacity.