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Toyota chairman says EVs will never dominate global market

The chairman of carmaker Toyota continues to oppose electric cars and support hybrids, insisting that EVs will never gain a majority share of the global market.

Toyota Motor Corporation Chairman Akio Toyoda's remarks regarding Toyota Motor Corporation have been published. Website Repeating previous comments made by the executive, he said there are better ways to reduce carbon than enforcing electric vehicles.

“No matter how much progress we make, [EVs] I think make's market share will still remain at 30%. Then, the remaining 70% is [hybrid vehicles], [hydrogen fuel-cell vehicles]a hydrogen engine,” Toyoda said. newsmax.

”[Gasoline] Engine cars will definitely remain. This is determined by customers and markets, not regulatory values ​​or political power. ”

Mr. Toyoda previously said that people are “finally starting to understand the reality” of the EV market. He added: “There are many ways to climb the mountain of carbon neutrality.”

He also stated that in 2022, there will be a “silent majority” in the auto industry that will question whether EVs are really the only option.

“One billion people around the world live in areas without electricity,” Toyoda said on the company's website. “In the case of Toyota, we also supply vehicles to these regions, so [EV] Options cannot provide transportation for everyone. ”

“Freedom of movement must not be taken away from any region, country, or income group,” the chairman shouted.

The chairman also boasted that “Japan is the only developed country that has reduced CO2 emissions by 23%'' through the use of hybrid vehicles.

The media is full of reports that EV production and usage is slowing, but this is nowhere near what industry and government expectations are.

The city of Asheville, North Carolina, said it was “forced to temporarily suspend” its EV fleet after a fleet of electric buses broke down. The city is reportedly considering reinvesting in biodiesel-fueled buses after investing millions of dollars in partially operational electric vehicles.

Ford also implemented layoffs in January 2024 for production of its electric F-150 Lightning truck and moved people to another production facility to produce gasoline-powered vehicles.

At the same time, European car dealers reported that the number of electric cars entering the European Union's used car market was much lower than expected.

Used car purchase rates in some EU countries are just under 2%, due to high purchase prices, a perceived lack of charging stations, and the fact that consumers are concerned about the range of plug-in cars. Examples include. .

Brussels-based EV advocacy group AVERE disagreed with the figures provided by car dealers.

“There is a lack of reliable and consistent data,” said AVERE Executive Director Philippe Vanzyl. The advocate also blamed car dealers' lack of knowledge about electric vehicles, which made them less inclined to promote EV models.

Van Ziel said Europe should also see an increase in electric car purchases if governments eventually force consumers to switch to electric vehicles through the introduction of low-emission zones.

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