Toyota Abandons EV Version Of iQ Minicar

Toyota Motor Corp has scrapped plans for widespread sales of a new all-electric minicar, saying it had misread the market and the ability of still-emerging battery technology to meet consumer demands.

Toyota, which had already taken a more conservative view of the market for battery-powered cars than rivals General Motors Co and Nissan Motor Co, said it would only sell about 100 battery-powered eQ vehicles in the United States and Japan in an extremely limited release.

The automaker had announced plans to sell several thousand of the vehicles per year when it unveiled the eQ as an pure-electric variant of its iQ minicar in 2010.

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chewy - 9/24/2012 10:21:48 PM

+1 Boost

Apparently they are making like 100 copies worldwide. Should still be quicker than the Smart ED.

vdiv - 9/25/2012 12:44:01 PM

+1 Boost

I don't get it. If Nissan and Mitsubishi can do it, why can't Toyota?