this post was submitted on 28 Jan 2024
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Electric Vehicles

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116
Toyota’s chairman doubles down on his electric car skepticism, forecasting that EV adoption will peak at just 30% (fortune.com)
submitted 7 months ago by [email protected] to c/[email protected]
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Akio Toyoda, Toyota Motor’s chairman, has never been a huge fan of battery electric vehicles. Last October, as global sales of EVs started to slow down amid macroeconomic uncertainty, Toyoda crowed that people are “finally seeing reality” on EVs. Now, the auto executive is doubling down on his bearish forecast, boldly predicting that just three in 10 cars on the road will be powered by a battery.

…

“The enemy is CO2,” Toyoda said, proposing a “multi-pathway approach” that doesn’t rely on any one type of vehicle. “Customers, not regulations or politics” should make the decision on what path to rely on, he said.

The auto executive estimated that around a billion people still live in areas without electricity, which limits the appeal of a battery electric vehicle. Toyoda estimated that fully electric cars will only capture 30% of the market, with the remainder taken up by hybrids or vehicles that use hydrogen technology.

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[–] [email protected] 1 points 7 months ago (1 children)

Article is paywalled so I only see the beginning.

-- if these limits are from the ceo of Toyota, they’re not worth the bits they’re printed with. Toyota has a huge investment in Hydrogen they don’t want to lose

— everything else indicates Batteries about the current level can cover all personal vehicles and many commercial ones. Clearly there are limits for things like shipping, aircraft, construction vehicles, but one of the things those have in common is they go back to a large depot. You don’t need to replace the tens of thousands of gas stations and their distributors but might have to replace infrastructure at hundreds of central depots

— power generation is sufficient for now but clearly needs to grow with adoption. Other countries with much higher BEV adoption rates have demonstrated this really isn’t a problem. Compare that to hydrogen infrastructure which is almost non-existent and you’d have to build out quite a bit before vehicles become practical

— charger infrastructure is adequate at the moment but clearly needs to grow with adoption. Compare to hydrogen infrastructure which is almost non-existent

[–] [email protected] 0 points 7 months ago

Sorry boss, multinational conglomerates are investing many billions into water cracking infrastructure to produce hydrogen. It's just arrogant to think your facebook research is more authoritative.