While Akio Toyoda, Chairman of Toyota, acknowledged the potential of electric cars in a recent address on the company's site, he discussed a vision that didn't solely embrace battery-powered solutions.

He expressed belief in a future of automotive industry that, despite the current push for electric vehicles (EVs), will continue to see substantial contributions from hybrid and hydrogen-based vehicles. Quoting him, 'Even with all the advancements in electric vehicles, their market share would likely reach around 30% at best. The other 70% will be taken up by hybrids, hydrogen fuel-cell vehicles, and hydrogen engines.'

Toyoda emphasized a keen understanding of the global reach of the car industry, pointing out the scarcity of electrification infrastructure in many parts of the developing world. From his perspective, the dream of a fully electric vehicle dominated world will be hampered by this factor. In postulating the future of the automotive marketplace, he insists that consumer preference, rather than governmental policies and regulations, will shape the terrain.

While Akio Toyoda, Chairman of Toyota, acknowledged the potential of electric cars in a recent address on the company's site, he discussed a vision that didn't solely embrace battery-powered solutions.
He expressed belief in a future of automotive industry that, despite the current push for electric vehicles (EVs), will continue to see substantial contributions from hybrid and hydrogen-based vehicles. Quoting him, 'Even with all the advancements in electric vehicles, their market share would likely reach around 30% at best. The other 70% will be taken up by hybrids, hydrogen fuel-cell vehicles, and hydrogen engines.'
Toyoda emphasized a keen understanding of the global reach of the car industry, pointing out the scarcity of electrification infrastructure in many parts of the developing world. From his perspective, the dream of a fully electric vehicle dominated world will be hampered by this factor. In postulating the future of the automotive marketplace, he insists that consumer preference, rather than governmental policies and regulations, will shape the terrain.

Subscribe to Our Show for Real News, All Day Every Day

Subscribe to Our Show for Real News, All Day Every Day

Real News Now Podcast

Real News Now Podcast is a Podcast bringing you the Real News All Day Every Day!

<a href="https://realnewsnow.com/">Real News Now</a> Podcast is a Podcast bringing you the Real News All Day Every Day!

Advertisement