Toyota has not developed another fully electric vehicle because it does not believe it can sell enough of them for the move to be profitable, according to the company's dealer in the US. While Toyota offers a range of hybrid and hydrogen fuel cell-powered vehicles, the general manager of Toyota Motor North America, Jack Hollis, said insufficient demand for EVs was behind their absence in the carmaker's lineup. The company is also working on an all-electric version of its popular Prius, which will go into production next year.
Toyota has not developed another fully electric vehicle because it does not believe it can sell enough of them for the move to be profitable, according to the company's dealer in the US. While Toyota offers a range of hybrid and hydrogen fuel cell-powered vehicles, the general manager of Toyota Motor North America, Jack Hollis, said insufficient demand for EVs was behind their absence in the carmaker's lineup. Hollis cited the company's RAV4 EV, which was launched in 1997 and then relaunched in 2012 but did not in either case generate strong sales.