FT-EV II

We've been subjected to a spate of dire headlines today covering Toyota's statement that it's killing plans for its eQ two-seat urban electric-car program. Reuters reported, "Toyota drops plans for widespread sales of electric car," which is at least an accurate headline. Some seem to take a "sky is falling" tone, which we don't feel is the case. Most of the stories focus on Toyota management's view that battery technology isn't ready, the market for pure electrics isn't there, and hybrids are a much better bet. Those are all debatable points, but as Reuters gently points out, Toyota has...