TOKYO -- While Japanese automakers lag Tesla and Volkswagen in electric-vehicle sales, they hold an advantage in critical EV technology, with Toyota Motor ranking first worldwide based on the importance of its U.S. patents, new research finds.
Japanese players must also contend with Chinese rivals' rapid growth
Toyota's technological prowess owes partly to the success of the Prius, as hybrids share many parts with electric vehicles. © Reuters
TOKYO -- While Japanese automakers lag Tesla and Volkswagen in electric-vehicle sales, they hold an advantage in critical EV technology, with Toyota Motor ranking first worldwide based on the importance of its U.S. patents, new research finds.