Posted on 08/23/2022 3:50:51 PM PDT by RomanSoldier19
It’s unlikely mass adoption of Battery Electric Vehicles will develop as fast as environmentalists, the U.S. government, and most of the U.S. auto industry seem to expect.
That’s because, fundamentally, consumer demand just isn’t sufficient, says Jack Hollis, executive vice president of sales at Toyota Motor North America.
In turn, consumer demand isn’t sufficient because on average, BEVs cost too much, and because the infrastructure isn’t ready, like for recharging batteries away from home, Hollis said, in a recent webinar hosted by the Detroit-based Automotive Press Association.
“I don’t think the market is ready. I don’t think the infrastructure is ready. And even if you were ready to purchase one, and if you could afford it … they’re still too high,” Hollis says.
According to Kelly Blue Book, sales of BEVs in the first half of 2022 were 370,726, including estimates for some brands, an increase of 75.7% vs. a year ago.
(Excerpt) Read more at forbes.com ...
Toyota is the smartest manufacturer on the planet.
Going to Vegas, I wonder if I can get odds at the sports book at the Bellagio??
I expect from our present fascist/statist political environment, Toyota will be forced to fire this man.
Toyota has been right on the money when it comes to EVs. They know their markets. Because of range anxiety, if consumers choose to go the green route, they will switch to hybrids, a market that Toyota excels at, which do not require EV infrastructure, yet will get the consumer great gas mileage without the ridiculous sticker price that EVs carry. When the infrastructure is there, then Toyota will move into those markets. Good management dictates you don’t put the horse before the cart
Toyota has been right on the money when it comes to EVs. They know their markets. Because of range anxiety, if consumers choose to go the green route, they will switch to hybrids, a market that Toyota excels at, which do not require EV infrastructure, yet will get the consumer great gas mileage without the ridiculous sticker price that EVs carry. When the infrastructure is there, then Toyota will move into those markets. Good management dictates you don’t put the horse before the cart
The electrical generation, transmission and distribution system cannot support 50% electric vehicles in that short a time frame. Convince me otherwise.
Impoverished citizens are much easier to rule over.
Many Asian countries are ideal for EVs because of the population densities.
The lack of demand will not slow down the WH whose primary goal is to “transform” America.
But pressure from the people might. Their plan is that slow and eliminate production of gas/diesel vehicles. Those prices will rise making the difficult to purchase and operate. Private transportation will become expensive and the people of America will become very unhappy. The future is uncertain but can get scary with dems running the government!!
>Honda and Toyota have multiple factories in the US that are not union, so they don’t have to deal with that crap one way or the other.
Ditto Kia/Hyundai.
The green economy is a fraud. Electric cars are workable but have limitations. I’m actually looking at buying a Tesla for city driving. No way are they suitable for a primary transportation vehicle for a one car family
Yes it is. And the “green energy” dreams are destroying the people and forests of Myanmar, same thing as in the Congo. Use dirt cheap manual labor to make electric powered gizmos:
https://freerepublic.com/focus/f-news/4084492/posts
Clearly, Jack Hollis is not of the body. ;-)
Yes,that too.I couldn’t get over all the 30 story apartment complexes everywhere you looked. They’re much more densely populated than even NYC or LA.
But the US automakers welcome their own deaths!
I would love to know what sort of reincarnation they are expecting.
“Too big to fail” Socialism like FIAT of Italy?
I am looking forward to a big electric vehicle boom in LA when lake mead finally dries up
That’s their objective.
Serfs aren’t supposed to leave the land.
EV’s are about centralizing population and controlling who has the ability to travel.
both completely anti American
They will have to remove my ‘66 landcruiser from my fingers with a cutting torch
I do not think so and have observational evidence to back that up.
In my very small town (About 3500 for the entire county!) someone just spent several million dollars constructing a new multi lane gas station and truck stop.
Directly across the street from another station.
Less than a mile from yet another large multi lane station, and yet a fourth small station at the main intersection.
Every station is busy, even at $4.69 Gal.
People investing that sort of money tend to have an “In” with future trends.
I am confident that “The EV Revolution” is an overhyped fad.
More like Disco than Rock & Roll.
Personally I only drive “Antique” cars so new car prices are irrelevant to me.
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