"History is a wonderful thing, if only it was true"
-Tolstoy

Thursday, August 20, 2009

Mistake?

Toyota Holds Back in the Race to Go Electric - NYTimes.com

Or maybe they know better.
Leader in popularizing hybrids, Toyota is taking a slower path to "all electric"

"“The time is not here,” Masatami Takimoto, Toyota’s executive vice president, said during a factory tour this year.

Electric cars “face many challenges,” he said, adding that “to commercialize pure E.V.’s, we need a battery that far exceeds the current technology.”

If Toyota is right, its competitors will have spent billions on a technology that will be slow to take off."

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