Toyota is quietly pushing Congress to slow the shift to electric vehicles
The US is slowing moving toward adopting policies that would put more electric vehicles on the road, but for Toyota, it’s not slow enough. The Japanese automaker, which is the largest car company in the world, has been quietly lobbying policymakers in Washington, DC to resist the urge to transition to an all-electric future — partly because Toyota is lagging behind the rest of industry in making that transition itself.
According to TheNew York Times, a top Toyota executive has met with congressional leaders behind closed doors in recent weeks to advocate against the Biden administration’s plans to spend billions of dollars to incentivize the shift to EVs. The executive, Chris Reynolds, has argued that hybrids, like the Toyota Prius, as…