Toyota Chairman Says Electric Cars Will Fail to Dominate Market
By Tom Ozimek Toyota’s chairman and former CEO, Akio Toyoda, said that fully electric vehicles (EV) will never manage to capture more than a third of the market and that governments shouldn’t push them on a reluctant public. Mr. Toyoda made the remarks during a Jan. 23 company Q&A session, in which he said that peoples’ individual choices—and not regulations or taxpayer-funded subsidies…
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