Tuesday, December 24, 2024

Electric cars do not get more than 30 percent of the market, says Toyota boss

It will not be the electric car that really sings with victory. At least not when it comes to fuel, believes Toyota's chairman.

At Toyota, chairman of the board Akio Toyoda does not believe that electric cars will account for more than 30 percent of the global market.

The rest – i.e. 70 percent of motorists – will drive around in hybrids, hydrogen cars or ordinary diesel and petrol cars.

The way of thinking that Akio Toyoda is now expressing is not new at Toyota. On the contrary, the Japanese have long maintained that electric cars are not the only solution.

Bloomberg writes that.

READ ALSO: Josefine owes DKK 63,000 for a forgotten car

Toyota calls it the 'multi-way approach'. And they have actually argued for it for years. So the idea that motorists themselves are and should be able to decide which type of fuel best suits their needs.

Toyota also does not believe that the transition to electric cars will happen as quickly as several of their competitors otherwise predict.

– The customers – neither rules nor politics – must make that decision (in relation to the propellant, ed.), says Akio Toyoda.

The man at the helm of the world's largest car brand also argues that an open approach to several technologies will ultimately prove to be the right decision.

Earlier, Gill Pratt, head of Toyota's research department, said that it makes much more sense for the car brands to offer customers several different options. Including hybrids and hydrogen cars.

On the other hand, Bloomberg believes, with a projection of current developments in the car market, that 75 percent of motorists will drive around in electric cars as early as 2040.

At home, we are also past the 30 percent market share for new electric cars. Last year, 36 percent of all new cars with Danish license plates were powered by electricity.

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