Toyota's North American chief operating officer Jack Hollis on Friday criticized U.S. policies to promote electric vehicles (EVs), according to Bloomberg.
Toyota's chief operating officer (COO) says electric vehicle policy is a “de facto mandate” that is out of sync with consumer demand. According to To Bloomberg. Hollis also said it would be impossible to meet an EV mandate like California's. According to To CNBC.
“The whole EV ecosystem is way ahead of the consumer,” Hollis told reporters Friday. “It's out of sync with the consumer.” However, that is not the case. ”
WESTBURY, NY – MARCH 20: An overview of the Toyota sign taken on March 20, 2020 in Westbury, New York. (Photo by Bruce Bennett/Getty Images)
As part of President Joe Biden's climate change policies, the Biden-Harris administration will introduce tailpipe emissions regulations in March that will require about 67% of light vehicles sold after 2032 to be electric or hybrid. , has introduced various EV-related policies. Biden is leading a push to build 500,000 public EV chargers across the country by 2030, but so far it has been met with various slowdowns. (Related article: Ford CEO admits he drove a Chinese EV after taking billions of dollars from taxpayers to build rival cars domestically)
Despite the current administration's billions of dollars in subsidies as part of its EV policy, various U.S. automakers are rolling back their EV goals. California Air Resources Board “Advanced Clean Car II” Regulations require 35% of 2026 model year vehicles to be zero-emissions.
“I've never seen anyone, government or private, project that that number is achievable. Right now, it looks impossible,” Hollis said of zero-emissions regulations. “The demand isn't there. It's going to limit the choice of vehicles that customers want.”
Many automakers have experienced problems with EV sales, with used EV models seeing steep discounts due to weak consumer demand. Ford Motor Co. said in October that it lost an additional $1.2 billion on EVs in the third quarter, and in September said it would give away free EV chargers and home appliances to encourage customers.
Toyota did not immediately respond to a request for comment from the Daily Caller News Foundation.
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