TM

Japanese auto giant Toyota Motor (NYSE: TM) does not seem to be very optimistic about the demand trend in the electric vehicles industry. Jack Hollis, the Executive Vice-President of Sales at Toyota Motor North America, has recently cautioned that car buyers might prefer hybrid vehicles more and slowly switch to completely electric vehicles (EV) in the near term, according to a Wall Street Journal report. According to the report, Hollis said, “As much as you want to talk about EVs, the marketplace isn’t mature enough.” He added, “I don’t think the market is ready for what the rhetoric is saying.
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