Aptera › Community › Solar EV Industry News › Riversimple – Very efficient small hydrogen cars for subscription only › Reply To: Riversimple – Very efficient small hydrogen cars for subscription only
MemberOctober 6, 2021 at 7:03 am
Here’s my theory on Toyota. They are using hydrogen as a distraction until they can produce solid state batteries in volume. Toyota has just demonstrated a concept car running on solid state batteries that puts them several years ahead of everyone else trying to make solid state batteries. Their plan might be to skip the current generation of batteries and jump straight to solid state batteries, if they can do that they will leapfrog everyone else. The problem for them is that they can’t do that before 2025 or 2026. That plan could conceivably work in the US where EV adoption outside of California has been slow. The EU has a higher adoption rate than the US and they are growing faster. They also have better charging infrastructure then the US and ultimately that’s the limiting factor. So in the EU Toyota might have lost so much market share by 2025 that it will be hard for them to recover but in the US they might be hitting the market at exactly the right time.