Posted on 11/01/2022 9:25:13 PM PDT by SeekAndFind
It seems like that Toyota still doesn’t get it: people want electric cars, not hybrids. Despite all the evidence pointing to the inevitable rise of electric vehicles in the automotive industry, Toyota insists on sticking with hybrids, saying: “It’s our strategy and we’re sticking to it.” Well, Toyota, you may end up being left behind as nearly every other automaker, nation, and organization moves toward sustainable, all-electric vehicles.
Toyota is one of the few automakers that hasn’t yet realized what the future holds. Electrician called for the transition to electric cars to happen much faster than most predicted, and so far the pace of electric car adoption continues to accelerate.
Few industries are experiencing as rapid growth as electric vehicles. In 2021, sales of electric cars doubled to a record 6.6 millionaccording to the International Energy Agency, claiming almost 10% of the market!
By comparison, nine years ago, only 120,000 electric cars were sold worldwide. More than that are now being sold every week, and the pace is only expected to accelerate from here.
The latest data reveals that the electric vehicle market was valued at $287 billion in 2021 and is expected to reach $1.3 trillion by 2028, growing at a CAGR (compound annual growth rate) of 24.3%.
Governments in all major regions are implementing mandates and incentives for electric vehicles to help reduce carbon emissions and protect the environment. For example, the US aims for a 50% electric car market share by 2030, while Europe has proposed a total ban on fossil fuel cars by 2035. California — and now New York – does. Despite this, Toyota maintains its hybrid strategy going forward. Toyota Dealership Source: Toyota
Even with all this information, Toyota has been much slower to adapt, and for this reason ranks last in terms of its decarbonization effort.
A a recent study from Greenpeace found Toyota ranked last in the top ten automakers after failing to generate even 1% of sales in zero-emissions vehicles, not hybrids.
More importantly, the study found that Toyota had the least developed supply chains to support a sustainable future. A climate activist from Greenpeace Japan even stated:
The time of hybrids, I think, is over.
And in this they are right. Hybrids are only good as a bridge to fully electric cars. In my opinion, they are inefficient and not optimized for either gas or electricity. However, that being said, since then, Toyota has started mass-producing hybrids releasing the Prius in 1997.
U an interview Speaking to reporters Thursday, Toyota CEO Akio Toyoda reiterated the automaker’s strategy of keeping hybrids and fuel-cell vehicles in its lineup, likening the company to a department store.
The Japanese automaker’s leader also weighed in on new zero-emissions mandates and called for an end to sales of gas-powered cars, saying it would be “quite difficult” to achieve, saying:
Playing to win means playing all the cards in the deck, not just the selected ones. So that’s our strategy and we’re sticking to it.
Fair enough, but what happens if no one needs those other cards (machines)? Or, more importantly, if these cards are no longer available due to regulation?
Toyota claims, “We don’t want to leave anyone behind,” but they may end up being the ones left behind.
This is the same record repeated with Toyota. After growing to become the world’s largest automaker by offering hybrid technology, the company doesn’t want to conform. They wholeheartedly believe in their hybrid strategy.
Meanwhile, technology has come a long way in that time, and companies like it Tesla prove that the future belongs to all-electric vehicles.
Exclusively selling electric cars, Tesla claims it’s the Model Y on his way will bring in the most profit of any car this year and will likely be the best-selling car next year.
Almost every other automaker you can think of, both new and legacy, is planning an all-electric lineup. Will Toyota come? As the industry (and the world) continues to move toward a clean, sustainable future, Toyota may soon be rethinking its hybrid strategy.
Did Teslagator write this? ;)
Toyota may be the only one still standing when the EV Fraud collapses.
If I were at all interested in ever buying a new car it would have to be a Toyota.
I have to conclude the EV pogrom is about putting us all on our feet rather than the impossible EV transition.
V6 Avalon and Lexus cars are wonderful to drive and extremely dependable. In regards to electric cars, Toyota’s hydrogen-electric development is very interesting.
My wife has a 2017 Tesla Model S 100D. She got during the last month they offered life time free charging. It’s a very nice car and its 0-60 mph acceleration time smokes my 2017 911 4S. That said we have agreed that we will always have an ICE car or hybrid second or third vehicle. The electric grid as it stands can’t support a majority EV fleet in our state. I have yet to see any movement to initiate the required doubling or tripling of the grid’s capacity to support an all EV vehicle fleet. During a recent heat wave the authorities asked EV owners not to charge their cars at home so as not to collapse the grid; what a freaking mess. Newsom in his infinite wisdom instituted a ban on new ICE vehicles purchases in this state on or after 2035. I plan on buying a couple of new 2034 models, assuming his ridiculous mandate is still in place. Better yet, just move out of state.
The sales are being forced upon everyone.
I agree. More and more people are educating themselves as to the problems with electric cars and the fact that they are not green at all. They’re incredibly inconvenient. But they are good for golf carts and forklifts and warehouses and maybe some short trip Urban uses.
Toyota, the most reliable and resellable vehicle made. They didn’t get there being followers.
The writer is more clueless that he thinks Toyota is.
Toyota is going to do very well.
Why? Because you say so? Liar. Or BS artist?
may?
OR EVs plan suck and take too long to recharge.
I retired from a good job with a Tier One supplier of high tech quality control technology to GM/Ford/Chrysler in 2009. Glad I got out before all this “wokery” infected the industry. From a superannuated insider’s viewpoint, and one who had great loyalty to the American carmakers, I have to shed a tear for them, because the pure-EV strategy they are following will kill them. Toyota will be left standing.
I agree. My Mother bought one of the first year Priuses(without consulting me) and it was an amazing machine for her. I could barely fit in thing so it wasn’t my cup of tea. Hybrid is the way to go.
Oh and extra credit for the use of “superannuated”. ;-)
The Avalon is being replaced with the Crown in the lineup. Avalons are great cars, my MIL has one, but the name never really caught on I don’t think.
The Crown is mildly intriguing.
I don't trust full electric cars, especially up here in the North.
Markets that require government mandates aren’t markets.
Hybrid is a far saner strategy than golf carts
What a concept. Always have a backup plan.
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