Toyota President Akio Toyoda said he was concerned about the electric race at a time when many manufacturers are launching or announcing new EV models. The Japanese brand was one of the first to contribute to the development of electric mobility, but the President of Toyota is not satisfied today with the policies that are emerging all over the world to completely ban combustion engines and open way to zero emissions vehicles.
This position was taken at a conference of the Automobile Manufacturers Association of Japan, in which the President of Toyota serves as Chairman. According to Toyoda, the transition to electric mobility can only be a reality if a charging infrastructure is created, whose implementation is expected to cost between 110.5 billion and 293.2 billion euros, says The Wall Street Journal.
Toyoda goes so far as to say that “the business model that the industry has today will collapse” if the combustion engines disappear. And he points a finger at Japanese politicians, saying that Japan continues to produce most of its electricity from coal and natural gas. «The more EV we manufacture, the greater the amount of carbon dioxide produced», he concludes.
Toyota was one of the pioneer manufacturers in hybrid, electric and hydrogen vehicles, but it is one of the most reluctant when it comes to 100% electric mobility.