Posted 1/23/2024, 2:30:01 PM
Toyota Chief: Electric Cars Unlikely to Dominate, Despite Regulations
- Toyota chairman believes electric vehicles will only ever capture 30% of auto market
- He argues customers, not regulations, should decide if they buy electric cars
- Toyota is focusing on other green technologies like hybrid and hydrogen vehicles
- Company recently announced a new combustion engine to support factory workers
- Toyota lobbied against UK policy requiring carmakers to sell set % of electric vehicles