Thursday, 25 January 2024 04:36

Toyota CEO: There will never be more than 30% electric cars on the road

A billion people around the world live in areas without electricity. Toyota also supplies vehicles to those regions, so electric cars alone cannot provide transportation for everyone.

Toyota will never switch to electric cars only – hybrids and hydrogen will play an important role in the future.

"Regardless of the progress of electric cars, I think they will still have a market share of 30 percent," says Toyota president Akio Toyoda.

After speaking at the Tokyo Motor Show, when asked how he sees Toyota's future plans with electric cars and hydrogen, Toyoda stated that the answer would take four hours, but still decided to answer in four minutes, writes Revijahak.

Many manufacturers and countries are currently working to switch to electric cars only, and the EU will ban the sale of electric cars by 2035. Toyota has completely different ambitions and plans.

"A billion people around the world live in areas without electricity. In the case of Toyota, we also supply vehicles to those regions, so electric cars alone cannot provide transportation for everyone," said Akio Toyoda.

Hybrids have so far been the most successful technology for reducing CO2 emissions. He says that Japan is the only developed country that, thanks to hybrids, managed to reduce CO2 emissions by as much as 23 percent and that the media is to blame for hiding this information.

"Toyota will therefore produce about 30 percent of electric cars out of about 10 million cars produced annually," claims Toyoda. -

"The remaining 70 percent will be hybrids, fuel cell cars and hydrogen," Toyoda concluded.

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