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Toyota's $5.6bn battery bet marks closing of the hybrid era

Japanese carmaker slighted electric vehicles for far too long

| Japan
A Toyota bZ4X electric vehicle at the Auto Shanghai show in April 2021: Better late than never.   © Reuters

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

Nobody wants to be steering when the wheels come off, especially during a critical race.

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