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Toyota Risks Irrelevance If Major EV Pivot Isn’t Quickly Implemented

A week ago, the biggest manufacturer in the world — Toyota — finally acknowledged that electric vehicles are the way of the future when it issued two significant statements. However, it might be a little bit late for a company that revolutionized manufacturing 50 years ago.

The first revelation was about Toyota creating a committed electric vehicle platform following its terrible, ill-fated BZ4X venture. The next was about Akio Toyoda, the current CEO of…

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