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 Toyota drops plan for widespread sales of electric car

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Toyota drops plan for widespread sales of electric car Vide
PostSubject: Toyota drops plan for widespread sales of electric car   Toyota drops plan for widespread sales of electric car Icon_minitimeTue Sep 25, 2012 1:28 am
Toyota Motor Corp
has scrapped plans for widespread sales of a new all-electric minicar,
saying it had misread the market and the ability of still-emerging
battery technology to meet consumer demands.
Toyota drops plan for widespread sales of electric car ?m=02&d=20120924&t=2&i=656164556&w=460&fh=&fw=&ll=&pl=&r=CBRE88N0S8F00



Toyota, which had already taken
a more conservative view of the market for battery-powered cars than
rivals General Motors Co and Nissan Motor Co, said it would only sell
about 100 battery-powered eQ vehicles in the United States and Japan in an extremely limited release.
The
automaker had announced plans to sell several thousand of the vehicles
per year when it unveiled the eQ as an pure-electric variant of its iQ
minicar in 2010.
"Two years later,
there are many difficulties," Takeshi Uchiyamada, Toyota's vice chairman
and the engineer who oversees vehicle
development, told reporters on Monday.
By
dropping plans for a second electric vehicle in its line-up, Toyota
cast more doubt on an alternative to the combustion engine that has been
both lauded for its oil-saving potential and criticized for its heavy
reliance on government subsidies in key markets like the United States.
"The
current capabilities of electric vehicles do not meet society's needs,
whether it may be the distance the cars can run, or the costs, or how it
takes a long time to charge," said, Uchiyamada, who spearheaded
Toyota's development of the Prius hybrid in the 1990s.
http://www.reuters.com/article/2012/09/24/us-toyota-electric-idUSBRE88N0CT20120924
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