There are two articles: VW, Toyota Place Different EV Wagers | WardsAuto
Bob Wilson
VW Touts Its SUV Sales, But Vows to Stay in Car Market
LOS ANGELES – Despite Volkswagen’s belated arrival to the SUV party, it is making up for lost time, says Scott Keogh, the new CEO of Volkswagen of America.
He adds, however, that the German automaker has no plans to bail out of the car market, despite its waning sales.
. . .
“We arrived late to the SUV game, but we see our rightful share growing,” Keogh says.
But he then cites the Jetta compact sedan as a “great entry-level vehicle for young buyers.”
VW, Toyota Place Different EV Wagers
Toyota and Volkswagen are both involved in electric-vehicle development, yet they pursue strikingly different strategies.
VW is going all in with EVs, planning to introduce a cadence of them, from passenger cars to commercial trucks and vans.
. . .
Toyota is betting conservatively on EVs. It is investing in R&D for EVs and other internal-combustion-engine propulsion alternatives, such as fuel-cell systems.
Toyota is big on hybrid vehicles powered by combined gasoline-electric systems.
But unlike VW, Toyota has no determined plans to go to market with purely electric-powered vehicles.
Why not? Because it doesn’t see consumer interest in them. At least not now. EVs currently on the market – such as the Nissan Leaf, Chevrolet Bolt and Tesla models – make up only 1.24% of the U.S. vehicle market.
. . .
LOS ANGELES – Despite Volkswagen’s belated arrival to the SUV party, it is making up for lost time, says Scott Keogh, the new CEO of Volkswagen of America.
He adds, however, that the German automaker has no plans to bail out of the car market, despite its waning sales.
. . .
“We arrived late to the SUV game, but we see our rightful share growing,” Keogh says.
But he then cites the Jetta compact sedan as a “great entry-level vehicle for young buyers.”
VW, Toyota Place Different EV Wagers
Toyota and Volkswagen are both involved in electric-vehicle development, yet they pursue strikingly different strategies.
VW is going all in with EVs, planning to introduce a cadence of them, from passenger cars to commercial trucks and vans.
. . .
Toyota is betting conservatively on EVs. It is investing in R&D for EVs and other internal-combustion-engine propulsion alternatives, such as fuel-cell systems.
Toyota is big on hybrid vehicles powered by combined gasoline-electric systems.
But unlike VW, Toyota has no determined plans to go to market with purely electric-powered vehicles.
Why not? Because it doesn’t see consumer interest in them. At least not now. EVs currently on the market – such as the Nissan Leaf, Chevrolet Bolt and Tesla models – make up only 1.24% of the U.S. vehicle market.
. . .
Bob Wilson