The Chairman of Toyota Motor Corp., Akio Toyoda, predicts that battery-electric vehicles (BEVs) will capture no more than 30% of the global automotive market share, leaving the rest to other fuel technologies.
What happened? Toyoda assumes that hybrids, hydrogen fuel cell vehicles, and conventional fuel-burning vehicles will dominate the market, as opposed to electric vehicles. He made these remarks during a lecture on Toyota’s production system.
The Chairman also expressed concerns about limited accessibility to transportation for over one billion people worldwide who lack access to electricity. He believes that decisions should be based on consumer preferences rather than being imposed by regulations or political influences.
“The important thing is not the conversion to BEV or FCEV. The enemy is CO2. So, we should all think about immediately reducing CO2 emissions,” he said.
Why is it important? This statement comes in response to criticism aimed at Toyota for being perceived as slow in electrification. Toyota defends itself by pointing to its commitment to hybrid drives, hydrogen technology, and a comprehensive strategy aimed at meeting diverse customer needs and environmental concerns.
“I think vehicles with internal combustion engines will certainly continue to exist,” Toyoda said during the lecture. “That’s why Toyota Motor Corporation, competing worldwide, has a full range of products with multiple development paths.”
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FAQ Section based on main topics and information presented in the article:
1. What are Chairman of Toyota Motor Corp., Akio Toyoda’s predictions for the market share of electric vehicles in the automotive market?
Toyoda predicts that battery-electric vehicles (BEVs) will capture no more than 30% of the global automotive market share.
2. What other technologies does Toyoda consider dominant in the market?
Toyoda believes that hybrids, hydrogen fuel cell vehicles, and conventional fuel-burning vehicles dominate the market compared to electric vehicles.
3. What concerns about transportation accessibility did the Chairman express?
The Chairman expressed concerns about limited accessibility to transportation for over one billion people worldwide who lack access to electricity.
4. What is Toyota’s stance on reducing CO2 emissions?
According to Toyota, the focus should not be on converting to electric vehicles or hydrogen fuel cell vehicles but on reducing CO2 emissions. Toyoda believes that everyone should think about immediately reducing CO2 emissions.
5. How does Toyota defend its position regarding electrification?
Toyota points to its commitment to hybrid drives, hydrogen technology, and a comprehensive strategy aimed at meeting diverse customer needs and environmental concerns.
Important Definitions or Jargon Used in the Article:
– BEV: Battery Electric Vehicles
– FCEV: Fuel Cell Electric Vehicles
– CO2: Carbon Dioxide, a greenhouse gas responsible for climate change.
Suggested Related Links to the main domain (not subpages):
– Toyota Poland
– Toyota Global
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