Toyota Motor Corp President Akio Toyoda said California’s new zero-emission requirements, aim to stop the sale of new gasoline-only vehicles by 2035.
California’s Zero-Emissions Requirements:
Toyota Motor Corp President Akio Toyoda stated during a roundtable discussion with reporters, realistically speaking, it seems pretty difficult to actually attain them. Toyoda defended the company’s plans for the development of electric vehicles, which have come under fire from investors and certain environmental groups who want the company to deploy battery electric vehicles more quickly (BEVs).
Regulators are putting more and more pressure on automakers to market more zero-emission vehicles. Governor of New York Kathy Hochul recently announced that the state would follow California’s regulations. The automakers recognized the US Clean Air Act’s jurisdiction for California to set vehicle emissions requirements last month.
Toyota Investment For New Battery Plant:
Toyoda continued by saying that like the fully automated vehicles we’ve all come to expect to drive by now, BEVs will take longer to enter the mainstream than the media would have us believe.
The Japanese manufacturer invested roughly $30 billion last year in the creation of battery-powered automobiles. In response to growing consumer demand for electric vehicles, Toyota announced in August that it would increase its planned investment in a new battery plant in the United States from $1.29 billion to $3.8 billion.
What Challenges Does Toyota Face In EV Adoption?
Akio Toyoda listed a number of challenges to EV adoption, such as effects on the electrical infrastructure and the fact that over 1 billion people worldwide lack simple access to electricity. He added we don’t want to leave anyone behind. Freedom of mobility for all is the main part of Toyota’s company vision. It predicts that the company’s annual sales of such cars will reach just 3.5 million vehicles by the end of the decade, about a third of its current annual sales of gasoline-powered cars.
