TOKYO — Toyota and three other Japanese automakers together with a power company have set up a group to promote electric vehicles by standardizing recharging machines and marketing the technology abroad.
Representatives of Toyota Motor Corp., Nissan Motor Co., Mitsubishi Motors Corp., Fuji Heavy Industries, and Tokyo Electric Power Co. gathered at a Tokyo hotel yesterday to announce the association, which includes about 160 businesses, some of them foreign, and government organizations.
The officials said the time may have arrived for electric vehicles to take off worldwide as concerns grow about emissions and dependence on oil. But the main hurdles are better battery technology, cost, and having recharging stations in convenient locations.