This account is best suited for you, if you want to sell just one or may be a few vehicles. It’s the ideal choice for individuals who want to sell online.
This type of account is best suited for you, if you want to sell multiple vehicles. It’s the ideal choice for dealers or companies that intend to sell online or already selling online
Complete EV Transmission Isn’t the Answer, Says Toyota Chairman Akio Toyoda
Complete EV Transmission Isn’t the Answer, Says Toyota Chairman Akio Toyoda
Published On: 25 January 2024
100 Views
Toyoda reportedly stated that electric vehicles will acquire a maximum share of 30 percent in the global market.
Toyota chairman Akio Toyoda recently commented that a complete shift towards EVs for commuting is not the answer. Due to this belief, Toyoda had to step down from his position as CEO. Even though Toyoda was replaced from his position by another leader, the chairman still stands firm in his belief that a complete transition is not going to work for the rapidly growing automotive market. He again said that the auto giant will roll out a mixture of several types of powertrain technologies for its buyers.
Akio Toyoda reportedly stated that fully electric battery-propelled vehicles are going to acquire a maximum 30 percent share in the global market, whereas the remaining 70 percent will be distributed among hydrogen-propelled fuel cell cars, hybrids, and the internal combustion engine getting its power from diesel and petrol cars.
He further added that there are billions of people surviving without proper electricity, and expensive e-cars will limit their options and their ability to commute efficiently; therefore, this is not the answer to achieving green mobility. Toyoda added that vehicle types should be selected and decided by the customer instead of political or regulatory figures, as "Engines will surely remain."
The automotive industry is rapidly shifting towards pure EVs to achieve zero emissions, and several automakers have joined forces to manufacture more vehicles like these. However, Toyoda's approach to electric vehicles has been conservative in comparison to its peers in the automotive industry. The chairman has been in support of the hybrid technology, as the Japanese manufacturer believes that the hybrid technology is better than battery-powered technologies.
Akio Toyoda has made the statement several times that only a single approach is not suitable for all types of markets and consumer preferences. The former CEO of Toyota said this last year that going green means transforming the current cars powered by internal combustion engines into hydrogen or electric vehicles.
