Toyota Motor Corp. President Akio Toyoda is pouring cold water on the hopes of liberal green energy supporters about the ultimate success of electric vehicles, which he says will never be the dominant form of vehicles on the roads.
At a trade event in Japan, Toyoda, Toyoda’s current chairman and former CEO and grandson of the company’s founder, insisted that battery-only electric vehicles are only suitable for most people and can’t upgrade gas-powered cars.
During his remarks, Toyoda stated that “no matter how far battery electric cars progress,” hybrid, gasoline and fuel mobile cars will continue to become more popular and account for about 70% of the market, according to CarScoops, a company committed to the automotive industry.
Carscoops cited a Google translation of a report published Tuesday through the Toyota Times, a corporate website.
Toyoda added that this is why Toyota Motors has not gone all-in on electric vehicles, according to CarScoops.
And in what might have been seen as a direct slap in the face to governments, the Biden administration added, the automaker’s leader added that it’s the markets that will control the reach of electric cars, not the politicians trying to impose them. about car buyers. Huge taxpayer-funded subsidies.
“That’s why Toyota Motor Corporation, which competes around the world, offers a full range of multi-lane products,” Toyoda said, according to CarScoops.
“Customers — not regulations or politics — should make that decision,” he told his audience, according to Bloomberg.
Toyoda added that with so many parts of the world’s population living with inefficient or non-existent energy grids, an electric vehicle is simply a smart choice that works for everyone.
That is, Toyota Motors refuses to make electric vehicles.
The company plans to sell 1. 5 million electric vehicles by 2026, and likely as many as 3. 5 million by 2030, according to Inside EVs, an online page that describes itself as aimed at “electric, plug-in car enthusiasts. “hybrids and motor cars of choice, of all shapes and sizes.
“Last year, cars accounted for about 18% of all new vehicle sales worldwide,” Inside EVs added.
Toyoda, however, issued a warning.
He said that banks may stop loaning to companies that don’t go all-in on the green agenda, according to Yahoo Finance.
Toyoda has been criticizing a long-term, all-electric project for some time.
In 2022, he insisted that ending the manufacture of gas-powered vehicles was a premature decision and said that electric vehicles might not be used by most motorists.
He added that he is part of the “silent majority” of automakers who doubt the future future of electric vehicles.
“People interested in the auto industry are largely a silent majority,” Toyoda said. “This silent majority is questioning whether electric cars are appropriate as the only option. But they think that’s the trend, so they can’t talk.
And last year, he pointed to slowing EV sales as evidence that other people are “finally seeing reality” and understanding that electric cars are as glorious as they’re touted to.
This article appeared originally on The Western Journal.
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