The author’s a bit off the mark, as Toyota’s concepts at the show are mainly dependent on their next gen battery tech, and not their solid state battery tech.

Toyota bet wrong and being Japanese they are too stubborn to change

Ford is losing billions on EVs at the moment, GM is hobbling along, raising prices, and cancelling EV milestones at a steady clip, and Volkswagen is running way behind schedule while massively overspending. All three of those companies are currently struggling with rolling layoffs. Both Chinese and American startups — Nio, Xpeng, Rivian, and Lucid — are bleeding hard.

This notion that Japan is relying on some kind of miracle from a single chemistry is absolute nonsense: Costs simply aren’t down yet to where EVs actually make sense for most people, nor for OEMs to produce mass-market (<$25k) models. We hear this very complaint over and over and over again on this subreddit.

Can the country’s automakers jump from laggard to leader on EVs?

Betteridge’s Law of Headlines applies.