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Hybrid blues: China policies force Toyota into electric U-turn

Hybrid blues: China policies force Toyota into electric U-turn

FILE PHOTO: A Toyota RAV4 EV car with a Tesla battery is seen at the sixth annual Alternative Transportation Expo and Conference (AltCar) in Santa Monica, California September 29, 2011.

REUTERS/Lucy Nicholson/File Photo

SHANGHAI (Reuters) – The automotive industry’s seemingly inexorable drive towards electric cars – and especially Chinese polices pushing new energy vehicles – has forced Toyota Motor Corp , the world’s No.2 automaker by sales, into what one executive calls an “agonizing” strategy U-turn.

Source: http://www.reuters.com/article/us-autoshow-shanghai-electric-idUSKBN17L1VC?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29

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