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It is moves like this which show the tremendous impact of Tesla. The old automakers were never going to be the ones to push the switch to greener tech themselves. Even the companies that we may have thought were forward looking a decade ago like Toyota are now showing that they had no plans to embrace cleaner vehicles as an overall company strategy. The industry needed an outsider to threaten the incumbents into actually changing.
Toyota was once a leader in electric vehicles, with the release of the Toyota Prius in 1997. However over the last 2 decades Toyota made the incorrect bet on hydrogen powered vehicles, and is now lagging behind the rest of the industry shifting to electric vehicles.
https://www.theverge.com/2021/7/26/22594235/toyota-lobbying-dc-ev-congress-biden-donation
For those curious, here is the Toyota hydrogen-powered Mirai: https://www.toyota.com/mirai/
Meanwhile, Tesla has just reported Q2 2021 quarterly net income of $1.14 billion!
Toyota was once a leader in electric vehicles, with the release of the Toyota Prius in 1997. However over the last 2 decades Toyota made the incorrect bet on hydrogen powered vehicles, and is now lagging behind the rest of the industry shifting to electric vehicles.
https://www.theverge.com/2021/7/26/22594235/toyota-lobbying-dc-ev-congress-biden-donation
For those curious, here is the Toyota hydrogen-powered Mirai: https://www.toyota.com/mirai/
Meanwhile, Tesla has just reported Q2 2021 quarterly net income of $1.14 billion!
Electricity is already widely available and has a huge generation/distribution network. There is no such network for hydrogen.