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INVESTORS.COM: Toyota To Make Mostly Electric, Alt-Fuel Cars By 2050

quotes from:

Toyota To Make Mostly Electric, Alt-Fuel Cars By 2050 TM TSLA - Investors.com

"The company, which vies with Volkswagen (OTCPK:VLKAY) as top global automaker by sales, on Wednesday laid out a plan under which a majority of its sales will be EVs, fuel cell-powered cars and other alternative vehicles by 2050"

""It wouldn't be easy for gasoline and diesel cars to survive" in the long term, said Toyota Senior Managing Officer Kiyotaka Ise at a media briefing in Japan, according to the Wall Street Journal."

"Toyota is seeing increasing competition, including high-end EVs from Tesla Motors (NASDAQ:TSLA)."

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