& they are right to do so...as current EV on 2023 market are too expensive in materials & not so clean:
- from rare & heavy metals used in them
- from Li-ion, which is actually usually an ion with oxygen inside
- from their 20 years of experience of marketing those cars (which many of us don't like, Prius as an example)
- ...
While you can easily hit around 40ish % of ICE + battery to get below (or around) 100g of CO2 on 100km (yes, I live in EU).
& you also put more torque from start, as the ICE has it more in higher end.
& you can loose all those extra, non-needed parts on ICE, when implementing a EM with ICE.
So yes, Toyota has done it's math right...it is still not time for EV.