Toyota Chairman Akio Toyoda has declared that electric vehicles (EVs) will never dominate the car market. Battery-powered EVs will only ever capture 30% of the global market share, Toyoda has predicted. The comments come as auto industry experts are raising concerns about consumers’ willingness to align with the green agenda's…
The CEO of Toyota, the world's largest automaker, has warned that the "silent majority" in the auto industry doesn't believe that electric vehicles (EVs) are the future. Toyota Motor chief Akio Toyoda revealed this week that he remains skeptical that EVs can replace traditional internal combustion engine (ICE) vehicles as…
Japanese automaker Toyota’s CEO and President Akio Toyoda has warned that California's ban on gas-powered vehicles by 2035 is a "difficult" target to meet. It may take longer for battery-electric cars (BEVs) to become mainstream than lawmakers in The Golden State believe, Toyoda said. He cited the impact of BEVs…