Akio Toyoda: ‘EV market share won’t surpass 30%’

Tony Verhelle

January 24, 2024

Toyota Chairman Akio Toyoda thinks that EVs will only take 30% of the total market /Toyota

Toyota Chairman and former CEO Akio Toyoda believes battery-electric vehicles will have a maximum market share of 30%, with the rest taken up by hybrids, hydrogen fuel cells, and ICE cars. "With a billion people in the world living without electricity, limiting their choices and ability to travel
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