“Earlier this month, Toyota CEO Koji Sato announced that the firm would partner with major Japanese OIL REFINER Idemitsu Kosan on the project to manufacture the batteries.”
So much for being ‘green’ and ‘saving the planet’.
The electricity necessary for charging still must be produced in some manner, to say nothing of the massive infrastructure necessary to support mainstream EV adoption.
Don’t they need to find a new avenues if they’re expected to survive the next few decades? Transition is natural when your existence is on the line. All these oil companies are doing the same thing. Especially refiners.