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Home » Toyota chairman predicts battery electric cars will only reach 30% share

Toyota chairman predicts battery electric cars will only reach 30% share

EVs forecasted to account for 75% of new sales by 2040

Bloomberg NewsbyBloomberg News
January 29, 2024
in Sales & Marketing
Reading Time: 1 min read
0
A Toyota Motor Corp. FT-3e electric vehicle.

(Photo/Bloomberg)

Toyota Motor Corp. Chairman Akio Toyoda believes battery electric vehicles will reach at most 30% market share, with the rest taken up by hybrids, hydrogen fuel cell and fuel-burning cars. With a billion people in the world living without electricity, limiting their choices and ability to travel by making expensive cars isn’t the answer, the […]

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