Posted on 01/23/2024 9:27:42 AM PST by Red Badger
Electric vehicles will never dominate the market, Toyota Chairman Akio Toyoda has said, in the latest sign that car companies are backing away from the troubled technology. The Telegraph has more.
Battery-powered electric vehicles will only ever capture 30% of global market share, the Chairman of Toyota has predicted, raising concerns about consumers’ willingness to align with Net Zero goals.
Akio Toyoda said that traditional fuel-burning cars, as well as hybrids and hydrogen fuel cell vehicles would make up the rest of the market.
The grandson of the founder of the world’s largest car manufacturer said shifting towards electric vehicles is not the answer when a billion people in the world are living without electricity.
He told a business event this month that limiting consumer choices and ability to travel by making expensive cars is not the answer.
He said: “Customers — not regulations or politics — should make that decision.”
He added: “Engines will surely remain.”
“The Mustang Mach-E battery part will cost up to $35,329 before the aforementioned core charge.”
https://www.topspeed.com/how-much-costs-change-ford-ev-battery/
For a car manufacturer and dealer, the EV is a dream. You will have guaranteed return customers like clock work. The EV may as well have a self destruct countdown timer placed in the dash.
The “Progressive” is easy to understand.
What is theirs is theirs.
What is yours is theirs.
The true reason that Japanese carmakers avoid investing in EV cars is because of animosity between Red China and Japan. Japan does not want to be dependent on Red China for components. They know that China aims to crush Japan's auto industry by making and selling cheap EV's.
Therefore, Japan is sticking with ICE and hybrid models, and researching alternative power like hydrogen. Toyota is correct, EV cars will not dominate the world market. I had pegged it at 40 percent max but Toyota is probably more correct with a 30 percent figure.
The really good news for Dems is 90% of the EV is built in China.
i might add: what many FReeper engineering types have been saying here for years.
Japan: America wisely once shed her grace through God Almighty on the ashes of that nation, and now We the People are reaping the benefits of her wisdom and competence in many of her great people and products.
it’d be a real mess...
Another one of Biden’s pig in a poke idea fails.
WRONG, they already did.
In the 1830s there were more battery-powered cars built in Scotland alone (two that we know of) than ALL the ICE automobiles built in the entire rest of the world (approximately 0).
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