The Prius was on top of the world. Now Toyota is behind on EVs

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The Prius was on top of the world. Now Toyota is behind on EVs
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Toyota is debuting updated versions of the Prius hybrid car at the L.A. Auto Show amid growing speculation that the automaker is falling behind on EVs.

Prototypes of Toyota's Prius 2.0L plug-in hybrid electric vehicle, left, and Prius 2.0L hybrid electric vehicle. Photo: Tomohiro Ohsumi/Getty Images

Fellow traditional automakers like General Motors, Ford, Volkswagen, Hyundai and Kia are betting the farm on battery-only EVs that don't use a drop of gas. At one point, there were several versions of the hybrid, including a smaller model called the Prius C and a larger one called the Prius V. Both of those are gone.

"It was like a gateway drug for a full EV — but there’s nothing in the lineup. They left a gaping hole there," Drury says. "They were in the driver seat for electrification, but they made a wrong turn."Toyota says about half of its spending from 2022 through 2030 will be devoted to battery electric vehicles , including plans to build a new $3.8 billion battery plant in North Carolina opening in 2025.

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