Toyota’s chairman and former CEO, Akio Toyoda, is at it again: providing the public with a dose of reality that electric vehicles will never dominate the global car market.
Toyoda, grandson of the founder of the world’s largest car manufacturer, expressed at a business event this month, as reported by The Telegraph , that EVs will never capture 30% of global market share. Toyota President Akio Toyoda gestures at a briefing on electric vehicle battery strategies at the company’s showroom in Tokyo, on Dec. 14, 2021. (Behrouz Mehri/AFP via Getty Images) He explained that petrol-burning vehicles and hybrids, along with hydrogen fuel cell vehicles, will dominate.
Toyoda made the point: How can EVs be the future when a billion people on Earth have no electricity?
Data from Statista shows nearly a billion people in the world are living without electricity. He noted: “Customers — not regulations or politics — should make […]
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