"Toyota Chairman Casts Doubt on EV Market Future, Predicts Limited Adoption"
TL;DR
Toyota's chairman, Akio Toyoda, expressed doubts about electric vehicles (EVs) ever reaching 30% of the global market share, citing electricity access issues in parts of the world. The company has been hesitant to fully adopt EV technology, focusing on hybrids and exploring hydrogen fuel cell vehicles instead. Recent market trends show a slump in EV demand, with used Tesla prices falling and companies like Ford adjusting their EV production strategies.
- Toyota Chairman Questions EV Market Future OilPrice.com
- Toyota’s chairman doubles down on his electric car skepticism, forecasting that EV adoption will peak at just 30% Fortune
- Toyota's chairman shares a stark prediction for the future of EVs TheStreet
- Toyota–BYD Crossover? Toyota’s Akio Toyoda Off The Map On EVs, BYD Passes VW In China CleanTechnica
- EVs Will Never Be Top Dog, Toyota Chair Claims NACS Online
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