Toyota's 'multi-pathway' approach to powertrains faces significant challenges, particularly in the growing electric vehicle market, where competitors are gaining substantial ground.
Executives at Toyota increasingly recognize the gap in their electric vehicle lineup, particularly with the rise of EV adoption in global markets like Norway and China.
While Toyota excels with hybrids and traditional vehicles, its reluctance to fully embrace electric vehicles may hinder its competitiveness against brands swiftly advancing in electric mobility.
As Toyota navigates various markets with different vehicle demands, its strategy will be critically tested in regions like China, where the EV environment is relentlessly evolving.
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