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☆ Not So Fast on Electric Cars
  + stars: | 2022-12-26 | by ( Allysia Finley | ) www.wsj.com   time to read: +1 min
Toyota CEO Akio Toyoda recently caused the climate lobby to blow a fuse by speaking a truth about battery electric vehicles that his fellow auto executives dare not. “Just like the fully autonomous cars that we were all supposed to be driving by now,” Mr. Toyoda said in Thailand, “I think BEVs are just going to take longer to become mainstream than the media would like us to believe.” He added that a “silent majority” in the auto industry share his view, “but they think it’s the trend, so they can’t speak out loudly.”The Biden administration seems to believe that millions of Americans will rush out to buy electric vehicles if only the government throws enough subsidies at them. Last year’s infrastructure bill included $7.5 billion in grants for states to expand their charging networks. But it’s a problem when even the states are warning the administration that electric vehicles aren’t ready to go mainstream.
☆ Toyota's CEO isn't fully sold on electric cars — and he says a 'silent majority' is on his side
  + stars: | 2022-12-19 | by ( Tim Levin | ) www.businessinsider.com   time to read: +2 min
Toyota boss Akio Toyoda has long said that electric cars aren't the only way forward for the auto industry. He said a "silent majority" in the auto business agrees with him. But Toyota, the world's biggest carmaker, isn't quite sold on electric vehicles. "That silent majority is wondering whether EVs are really OK to have as a single option. Not everyone is ready for an electric car, the automaker has said, due to high prices and underdeveloped charging infrastructure.
☆ Toyota Chief Says ‘Silent Majority’ Has Doubts About Pursuing Only EVs
  + stars: | 2022-12-18 | by ( River Davis | ) www.wsj.com   time to read: 1 min
‘Because the right answer is still unclear, we shouldn’t limit ourselves to just one option,’ said Toyota Motor President Akio Toyoda. BURIRAM, Thailand— Toyota Motor Corp. President Akio Toyoda said he represented a silent majority of auto-industry people who are questioning whether electric vehicles should be pursued exclusively as the future of cars. “People involved in the auto industry are largely a silent majority,” Mr. Toyoda said Sunday to reporters in Buriram, a small agricultural town 190 miles northeast of Bangkok. “That silent majority is wondering whether EVs are really OK to have as a single option. But they think it’s the trend so they can’t speak out loudly.”
☆ Toyota unveils new Prius hybrids amid skepticism of its EV strategy
  + stars: | 2022-11-16 | by ( Michael Wayland | ) www.cnbc.com   time to read: +2 min
The automaker late Tuesday revealed new versions of the Prius hybrid and Prius Prime, a plug-in hybrid electric vehicle. 2023 Toyota Prius hybrid ToyotaMoving forward with the Prius as other automakers vow to go all-electric in the years ahead is part of Toyota CEO Akio Toyoda's electrification strategy. Since the Prius launched in 1997, Toyota says it has sold more than 20 million electrified vehicles worldwide. The company says those sales have avoided 160 million tons of CO2 emissions, which is equivalent to the impact of 5.5 million all-electric battery vehicles. Interior of the 2023 Toyota Prius Toyota
☆ Toyota’s new, new EV plan suggests smarter driving
  + stars: | 2022-10-25 | by ( Antony Currie | ) www.reuters.com   time to read: +3 min
MELBOURNE, Oct 25 (Reuters Breakingviews) - Toyota Motor (7203.T) may be driving towards its third electric-car reboot in just 13 months as it tries to catch up with Tesla (TSLA.O), Reuters exclusively reported on Monday. But the $218 billion Japanese carmaker’s latest overhaul suggests it’s getting serious about addressing missteps with more speed. Electric-vehicle sales, especially in the past two years, have put the lie to that belief; growth has easily outpaced that of Toyota’s hybrids. The plan would involve slowing down the rollout of electric vehicles already in development so that Toyota could devise a more efficient manufacturing process. Register now for FREE unlimited access to Reuters.com RegisterEditing by Robyn Mak and Thomas ShumOur Standards: The Thomson Reuters Trust Principles.
☆ The world's biggest automaker said it will make fewer cars than expected this year due to the global semiconductor shortage
  + stars: | 2022-10-21 | by ( Stephen Jones | ) www.businessinsider.com   time to read: +3 min
Toyota said it will make fewer cars than the 9.7 million it had expected to make this year. Toyota previously said it expected to make 9.7 million cars during the 2023 financial year, however as a result of the plan it now expected output to be lower. The company did not say how far short it expects production to be. In late September, the company said that similar parts shortages would shave 50,000 vehicles from its schedule in October. Toyota — which produces globally recognizable models like the Prius — sold 10.5 million vehicles in 2021, 1.6 million ahead of next-placed Volkswagen, per Reuters.
☆ Toyota global vehicle output rises 44.3% in Aug to record for month
  + stars: | 2022-09-29 | by ( ) www.reuters.com   time to read: +3 min
TOKYO, Sept 29 (Reuters) - Toyota Motor Corp (7203.T) said on Thursday its global vehicle production grew at a record pace for the month of August, as the sector recovered from the COVID-19 pandemic and production capacity increased, mainly overseas. Vehicle production soared 44.3% in August year-on-year, the first increase since March. The world's largest automaker by sales produced 766,683 vehicles worldwide last month, above its target of around 700,000 and above year-ago output of 531,448. Still, Toyota said the outlook remained uncertain due to the global chips shortage and COVID-19 outbreaks. Last week, the company said it plans to produce about 800,000 vehicles worldwide in October, about 100,000 short of its average monthly production plan, due to semiconductor shortages.
☆ 7 companies poised to cash in on the $30 billion hydrogen commercial-vehicle market by winning over giants like Amazon
  + stars: | 2022-09-20 | by ( Andrew Moseman | ) www.businessinsider.com   time to read: +7 min
Rising fuel costs, the possibility of stricter emissions regulations to come, and questions about battery supplies, have all increased the appeal of zero-emission fuel cells. Volvo TrucksVolvo GroupCEO: Martin LundstedtMarket Cap: $32.97 billionHQ: Gothenburg, SwedenVolvo Trucks said in June 2022 it had begun testing hydrogen fuel-cell trucks. In the latter case, Plug Power has provided Amazon with more than 15,000 fuel cells to replace the batteries in its warehouse forklifts since 2016. Plug just signed a new deal to provide the behemoth with the liquid hydrogen necessary to run its fuel-cell vehicles starting in 2025. As part of a deal with Weichai group, Ballard is building fuel cells in China to power fuel-cell vehicles in that market.
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