09/25/2012 2 Comments
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.
Uchiyamada who spearheaded Prius development: “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”
More at Reuters HERE.
My questions is, if Toyota has discovered electrical vehicles cannot not meet society’s needs, when will GM discover that the Volt is not capable of meeting societies needs either? Your thoughts?