Toyota Plans $13.7 Billion for EV Batteries

Toyota plans to invest over $13 billion by 2030 to secure its battery supply, focusing on building production capacity and developing solid state batteries. This investment is less than Volkswagen's $29 billion plan, reflecting Toyota's conservative stance on electric vehicles due to anticipated low demand and limited charging infrastructure. Toyota expects hybrid vehicles to remain significant in its fleet.

How much is Toyota planning to invest in securing its battery supply by 2030?

• $10 billion

• $29 billion

• $13 billion

• $20 billion

What is one of the key projects Toyota is working on in its research and development efforts?

• Autonomous driving technology

• Solar-powered vehicles

• Solid-state batteries

• Hydrogen fuel cells

By when does Toyota aim to put solid-state batteries into practical use?

• Late 2020s

• Early 2020s

• Mid 2030s

• Early 2030s

How does Toyota's planned spending on batteries compare to Volkswagen's?

• Toyota's spending is not comparable to Volkswagen

• Toyota is spending more than Volkswagen

• Toyota is spending less than Volkswagen

• Toyota is spending the same as Volkswagen

What is a reason for Toyota's conservative stance on electric vehicles?

• Limited consumer interest

• Environmental concerns

• Lack of charging infrastructure

• High cost of electric vehicles