Toyota is one of the largest car manufacturers in the world and has maintained the spot for 2021 and 2022 selling over 19 million cars as reported by F&I Tools.
Toyota has been a celebrated car manufacturer by U.S. environmentalists when it launched the Prius hybrid two decades ago.
The auto manufacturer has been in constant heat from environmentalists for not announcing an all-out electric strategy as the big automakers have taken with launching purely electric vehicles.
Akio Toyota (Pc Official Website)
Toyota executives have announced investments in all-electric vehicles, but argue that the company’s strategy is justified as all areas in the world will not adopt EVs at the same pace due to a lack of infrastructure and high vehicle costs as reported by CNBC.
Toyota doesn’t believe that all-electric vehicles are the only solution to reach the company's carbon-neutral goals.
The company is investing in hydrogen fuel cell electric vehicles like its Mirai.
Toyota's top management has expressed its scepticism of electric vehicles. The president of Toyota Motor Corp. has publicly questioned whether the auto industry should transition to electric vehicles quickly as reported by Transport Topics.
In a report by Washington Journal, Toyota CEO Akio Toyoda warned politicians and automakers in a race to eliminate internal-combustion engines are bound to crash into technological, logistic, and financial realities.
Toyota has hedged its bets by prioritising 'electrifying' vehicles with hybrid, plug-in, hydrogen fuel cell variants rather than all-out electric vehicles.
© Vygr Media Private Limited 2023. All Rights Reserved.
