Environmental groups and industry experts have hurled vitriol at Toyota, the world’s largest carmaker by sales volumes, for loitering around with its EV plans. The bitter criticism was largely justified. Toyota offers just two EVs here in the U.S. and its unyielding resistance and lobbying against the EPA’s proposed emissions goals has grabbed headlines for months.
60%: China’s EV Makers Enter “Elimination Round” Despite robust government support and rapid growth, oversupply concerns threaten the survival of many smaller Chinese EV makers. And a brutal price war and slowing growth rate for EVs are only compounding the problems. “Competition in the new energy vehicle industry will be extremely fierce in 2024,” the National Development and Reform Commission , China’s leading economic planner, said recently, according to CNN.
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