Toyota Plans $13.7 Billion for EV Batteries

Toyota plans to invest over $13 billion by 2030 to secure its battery supply, focusing on building production capacity and developing solid state batteries. This investment is less than Volkswagen's $29 billion plan, reflecting Toyota's conservative stance on electric vehicles due to anticipated low demand and limited charging infrastructure. Toyota expects hybrid vehicles to remain significant in its fleet.

How does Toyota's planned spending compare to Volkswagen's spending by 2030?

What is Toyota's stance on the demand for electric vehicles over the next decade?