Tesla Confirms Toyota Will Ditch Electric Car Partnership Later This Year

22 Янв 2015 | Author: | No comments yet »


Tesla Confirms Toyota Ditch Electric Car Partnership This Year

Toyota’s EV is one of the most versatile plug-in on the market today, thanks in part to its battery pack and drivetrain.

partnership with Toyota is to end.

But come the end of this when Toyota reaches its sales target of 2,600 in the state of California, the Japanese will end production of the plug-in And that means it will end its with Tesla Motors too.

Revealed in the Q1 earnings made last week, has confirmed that Toyota’s on it for battery packs and drivetrains for its EV will come to an end this  Initially valued by Tesla CEO Musk as being worth million to the company, the three-year between the two firms was inked in just as Tesla was preparing its S sedan for market.

When the agreement was first it was mutually beneficial to both Toyota — which had purchased $50 in Tesla stock the year — was able to rely on Tesla’s to produce a drivetrain and battery for a car it was being forced to make Californian law instead of developing the in-house. Tesla meanwhile, was a line of income at a time at a where it had yet to start Model S but was incurring high research and fees and rapidly expanding costs.

In its Q1 filings, Tesla is pretty “Toyota is expected to end the current EV model this year,” it Yet Toyota isn’t quite as In a public statement to  Bloomberg ,  Spokesperson John Hanson Toyota hasn’t made a on what comes next.

was a project for a specific number of that we planned to sell for a number of years,” he said. “We not made any announcement about the or what we’ll do with in the future.”

Tesla says Toyota end its partnership this year. says nothing.

Yet Toyota, is mandated by Californian law to produce a number of zero-emission vehicles Californian Zero Emission (ZEV) mandates, has another ZEV car in the pipeline: the as-yet unnamed by promoted hydrogen fuel-cell Toyota says it will to market next year.

Toyota WiLL

As a no longer needs an electric car in to meet California’s ZEV requirements.

more, the Toyota RAV4 EV is costing Toyota a lot of money, the Japanese automaker stumping up deal incentives totalling than $16,500 in an attempt to enough of them are sold the end of the year.  Add to that an mistrust of electric car technology on the of Toyota — demonstrated nicely by anti-plug-in ads its luxury brand Lexus week – and it’s clear to see Toyota’s near future contain an all-electric vehicle.

Of course, the ending of the three-year isn’t exactly news per we’ve known the symbiotic partnership on the RAV4 EV was transient in and would only endure as as it was beneficial for both parties. the goods all but delivered to Toyota and ramping up to provide batteries and trains to Daimler for its soon-to-launch B-Class Electric Drive, the automaker won’t lose sleep over the closing of its partnership.

But for Toyota? With less a year to go before its hydrogen cell car hits the market, no name given and hydrogen cell refuelling infrastructure far common than even car charging infrastructure was when like the Nissan LEAF in 2010, we’re curious to see happens next — and if Toyota can good on its promises of a truly mass-market H2 car by the end of next year.

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Toyota WiLL
Toyota WiLL
Toyota WiLL

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