Toyota says Only 30% of Cars will ever be electric – EV World News
Toyota’s chairman predicts that battery electric vehicles are never reach more than about 30% of all cars on the road now Toyota’s been working on a lot of other things they been trying to make uh gas engines more efficient they’re big in hybrids and you got to admit there
Are definitely one of the biggest out there when it comes to hybrids that they probably have more vehicles in that space but they have been notably behind a lot of other manufactures in terms of putting out electric vehicles chairman Akia Toyota believes battery electric vehicles will reach at most 30% market
Share with the rest taken up by hybrids hydrogen fuel cell and fuel burning cars with a billion people in the world living without electricity it’s hard kind of to Fathom that everybody could be driving electric cars when one out of every eight people in the world really doesn’t even have access to electricity
Period so but when it comes to those a lot of those don’t have access to cars either so a little bit of this can be true the number one car makers tried to push back against criticism of falling behind in the transition to electrified Vehicles saying that’s pioneering and hybrid drivetrains hydrogen technology
And a holistic approach to ultimately prove to be the right approach for the business customers and environment one thing is they make all these are gas Motors in Japan and they’re always concerned about making sure that their employees still have jobs and what’s good for the Japanese economy so a
Prediction by Bloomberg is that by 2040 EVS will account for about 75% worldwide of new car sales and 44% of cars on the road so even if everybody switched to EVS today it would take 25 years or more for everybody to still not be driving gas powered cars because there’d still
Be lots of cars out there if you look even at like Cuba where there’s all these embargos they’re still driving cars from the 1950s that they’ve replaced engines you still see the same cars driving around so you wouldn’t see all the gas cars go away anytime soon
Elon Musk he disagrees with this musk is actually quite realistic about love this he he knows that that we are not going to switch to everything being an electric vehicle anytime soon you know there’s a rush to change and you know for instance in the United Kingdom everything’s going to either plug-in
Hybrid or full battery Electric in 2030 and in 2035 they’re even getting rid of the plug-in hybrids as far as new car sales Go I mean you can still have used cars selling but they’re trying really hard with legislation to push the agenda in a lot of other countries tax
Incentives have been a big piece of of getting people to adopt EVs and in Nordic countries like Iceland and Norway and Finland Denmark Sweden they have these high value added taxes or Vats and the government has basically not charging those taxes on electric vehicle purchases which is probably a bigger
Savings than even the $7,500 tax credit here in the United States so it’s led to 80% ev’s adoption rate which has been quite staggering in comparison to the rest of the world mus say we’ll look back on the combustion engine cars with the same quaint disregard that we currently possess for steam engines
Obviously uh it’s a lot like when gas cars replace horses at the start of the 1900s
Explore Toyota’s chairman Akio Toyoda’s intriguing prediction that battery electric vehicles may never surpass 30% market share. With insights into Toyota’s focus on hybrids, hydrogen fuel cells, and efficient gas engines, discover their unique approach to the evolving automotive landscape. As the world moves towards electrification, challenges such as global electricity access and diverse automotive preferences are discussed. Join us to unravel the complexities of the electric vehicle transition, featuring expert opinions, industry insights, and a glimpse into the future of sustainable mobility. 🚗⚡
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