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Electric car no chance? Toyota boss predicts market share of only 30 percent

2024-01-29T04:48:29.151Z

Highlights: Electric car no chance? Toyota boss predicts market share of only 30 percent. Norway is well above that at 82 percent. Sweden is also above the Toyota boss' prediction at 32 percent. China and the Netherlands also scratch the value at 24 percent each. In Germany (14.2 percent) there is still some catching up to do. As is well known, the car is only a temporary phenomenon and, according to Kaiser Wilhelm II, will not prevail against the horse in the long term.



As of: January 29, 2024, 5:32 a.m

By: Simon Mones

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Toyota boss Akio Toyoda is not an electric car fan.

He is also rather pessimistic when it comes to market share.

Electric vehicles are already very popular in some countries.

The mobility transition is in full swing.

The electric car plays an important role in this.

With a few exceptions, manufacturers – at least in Europe – have clearly announced that combustion engines will be phased out by 2035 at the latest.

But there are also car manufacturers who pursue a slightly different strategy.

Toyota, for example, is having a hard time switching to electric cars.

Probably also because the boss of the Japanese doesn't believe the Stromer will be successful.

Toyota boss doesn't believe in electric cars: customers should decide

Toyota's CEO, Akio Toyoda, assumes that the market share of battery-powered electric vehicles will be just 30 percent, reports

Bloomberg

.

The remaining 70 percent will therefore be accounted for by hybrids, hydrogen fuel cell and fuel cell vehicles.

Toyota CEO Akio Toyoda does not believe that electric cars will completely displace combustion engines.

© UPI Photo/Imago

Toyoda justifies his statement by saying that around a billion people worldwide live without electricity.

Restricting your choices and travel options with expensive cars is therefore not an option.

“Customers – not regulations or politics – should make this decision,” Toyota’s chief executive said

at an event, according to

Automotive News .

Nevertheless, they want to have six battery-electric models on offer by 2026.

From 2027, thanks to the solid-state battery, these should even be able to cover 1,000 kilometers or more.

The Japanese repeatedly rejects a focus on electromobility.

Toyota boss predicts only 30 percent market share for electric cars: Norway is well above that

In all likelihood, Toyoda is mistaken with this statement.

The proportion of electric cars is already well over 80 percent in some countries.

The model student here is Norway, where registrations of electric vehicles now account for 82 percent.

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Sweden is also above the Toyota boss' prediction at 32 percent.

China and the Netherlands also scratch the value at 24 percent each.

In Germany (14.2 percent) there is still some catching up to do.

As is well known, the car is only a temporary phenomenon and, according to Kaiser Wilhelm II, will not prevail against the horse in the long term.

Source: merkur

All tech articles on 2024-01-29

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