Shift to electric cars will cost money, may lack excitement: Toyota CEO

Toyota Motor Corporation president Akio Toyoda, at Tesla stand, 2011 Detroit Auto ShowEvery automaker is now working on one or many electric cars, but some are at the head of the pack and others lag behind. General Motors already sells the 238-mile Chevrolet Bolt EV, and Volkswagen has firm plans for multiple electric cars by 2020 and as many as 30 by 2025. That leaves Toyota, the third of the world's three largest carmakers and by...

Toyota CEO Akio Toyoda to run electric-car division

Akio ToyodaIt's now abundantly clear that Toyota is changing course when it comes to zero-emission vehicles. After years of promoting hydrogen fuel cells while shunning and disparaging battery-electric cars, the company now plans to introduce a mass-market electric car by 2020. The fact that Toyota is reportedly only now assembling the team to develop that...