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Toyota scrambles for EV reboot with eye on Tesla

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Toyota is considering a reboot of its electric vehicle strategy to better compete in a booming market it has been slow to enter, and has halted some work on existing EV projects, four people with knowledge of the still-developing plans said.

The proposals under review, if adopted, would amount to a dramatic shift for Toyota and rewrite the $38 billion EV rollout plan the automaker announced last year to better compete with the likes of Tesla.

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