Talking in a recent
Japan Automobile Manufacturers Association year-end press conference covered by the
Wall Street Journal, Akio Toyoda said Japan will “run out of electricity” in the summer months if everyone owned EVs. “When politicians are out there saying, ‘Let’s get rid of all cars using gasoline,’ do they understand this?” he said.
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Hybrids and plug-in hybrids like the RAV4 Prime have been Toyota’s bread and butter for years. But as the car world heads towards full electrification, Japan’s largest manufacturer is being pushed out of its comfort zone. According to Toyoda-san, if Japan is too hasty in banning petrol-powered cars, “the current business model of the car industry is going to collapse,” causing the loss of millions of jobs. Upgrading Japan s electricity infrastructure to support an entirely electric vehicle fleet would cost between ¥14 trillion and ¥37 trillion (NZ$189.8 billion to $501.6 billion).
Toyota Boss Akio Toyoda Remains EV Skeptic
Exec calls EVs overhyped, too expensive, warns they will disrupt industry.
Akio Toyoda, Toyota’s president, warned that electric vehicles aren’t all they’re cracked up to be.
So far this month, Toyota Motor Corp. has announced plans for two new battery-electric vehicles – but it doesn’t appear the automaker’s President, Akio Toyoda, has warmed to the industry’s accelerating shift away from internal combustion engines.
Despite Toyota’s pioneering role in the development of hybrid technology, the exec – the grandson of the automaker’s founder – believes battery-electric vehicles are not only overhyped but also could cause “the current business of the car industry … to collapse.”
by Peter Landers (Wall Street Journal) Toyota Motor Corp.’s leader criticized what he described as excessive hype over electric vehicles, saying advocates failed to consider the carbon emitted by generating electricity and the costs of an EV transition.
Toyota President Akio Toyoda said Japan would run out of electricity in the summer if all cars were running on electric power. The infrastructure needed to support a fleet consisting entirely of EVs would cost Japan between ¥14 trillion and ¥37 trillion, the equivalent of $135 billion to $358 billion, he said.
“When politicians are out there saying, ‘Let’s get rid of all cars using gasoline,’ do they understand this?” Mr. Toyoda said Thursday at a year-end news conference in his capacity as chairman of the Japan Automobile Manufacturers Association.
Akio Toyoda Makes It Clear He s Not Happy About The EV Revolution ++
Lawyers all over the world love Latin expressions. One of the funniest around is “
jus sperniandi,” or the right to scream and complain about something. Akio Toyoda exercised that right in a recent
Japan Automobile Manufacturers Association year-end press conference covered by the
Wall Street Journal. He bashed electric cars and claimed they would kill businesses, demand huge investments, and emit more carbon dioxide.
Toyota s CEO was probably trying to push the Japanese government not to ban combustion-engined vehicles as other countries have. The rumor is that Japan will set 2035 as the deadline for ICE car sales in the country. It is not clear if hybrids and plug-in hybrids would still be allowed, as is the UK case.
Akio Toyoda Incorrectly Warns Electric Vehicles Could Increase Emissions, Collapse Auto Industry cleantechnica.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cleantechnica.com Daily Mail and Mail on Sunday newspapers.