Toyota made a big bet on…
Toyota made a big bet on Hydrogen but EVs are (outside of Tesla which has had a difficult year) still growing at 33% you are correct some of the manufacturers are reinvesting in ICE cars as a hedge but China is already nearly a decade ahead of everyone else on EV sales (now over half the cars sold in China are EVs). After driving electric cars for 5 years I tried to go back to an ICE car and hated it, now back with an Audi E-Tron EV and loving the car. There is something awesome about not having to ever go to a gas station.