Akio Toyoda, chairman of the board of directors of Japanese automaker Toyota, predicted that electric vehicles will capture only 30% of the international car market share.
Automakers are investing heavily in the development of electric vehicles. However, automakers fear that consumers will not be able to purchase electric vehicles due to the high price
Toyoda therefore once again expressed doubts that the future of the automotive industry belongs only to electric cars.
Toyoda said switching to electric vehicles is not the answer when nearly a billion people around the world live without electricity. According to him, cars with internal combustion engines are not going anywhere, The Telegraph reported.
According to Toyoda, consumers need to decide which vehicles they want to drive. “This decision should be made by customers, not by regulations or politics. The engines will definitely remain,” Toyoda said.
Toyota continues to develop hybrid vehicles, and the company is also developing hydrogen-powered vehicles.
Toyoda has previously expressed doubts that the future of the automotive industry belongs only to electric vehicles. Toyoda was previously president of Toyota and is the grandson of the auto company’s founder, Kiichiro Toyoda.
2024-01-23 15:38:00
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