New Toyota CEO’s Reason For Not Making EVs Is GENIUS

Electric vehicles are quickly becoming the future of the automotive industry and more and more companies are investing heavily in the development and production of EVS, but there is one major player in the industry that seems to be lagging behind Toyota; In fact, the company's new CEO has publicly expressed his distaste for electric vehicles leading many to wonder why Toyota appears to be avoiding the electric revolution. In this video, we'll explore the

reason

behind Toyota's reluctance to embrace electric vehicles and delve into the mind of the company's new CEO to uncover the truth behind his anti-EV, but before we continue, be sure to like to this video and subscribe to our channel.

Toyota has been one of the most reluctant automakers to adopt electric vehicles. The Japanese auto giant known for its hybrid cars like the Prius has been slow to adopt. Do the same and declare EVS the answer to our climate problems, preferring to focus on other propulsion methods like hydrogen ice and hybrid. Toyota is the largest manufacturer in the world with a share of 11.5 in total vehicles sold in 2022, they sold well over 10 million vehicles worldwide. Volkswagen, in second place, sold 8.2 million and Hyundai came in third with 6.8 million in global sales. Volkswagen had 330,000 electric vehicles, Hyundai 221,000 electric vehicles, and Toyota not even 20,000.

The world's largest automaker has only launched one pure electric vehicle, the Toyota. bz4x and the results were shocking in June 2022, Toyota issued a global recall for the bz-4x electric crossover SUV because the wheel bolts could loosen after a sharp turn or a harrowing Toyota withdrew the bz4x from sale by recalling those that were already in circulation from the market. and set out to find a solution, chief engineer Daisuke Edo explained that the combination of battery buildup and the extra weight of the battery caused the wheel nuts to break. He said the situation was quite rare, but losing the wheels is still serious.

Toyota resolved the situation and resumed sales. but it was a public relations disaster and a huge setback for them, not the kind of thing you would expect from the world's largest automaker, whose reputation was earned over more than 80 years

making

high-quality, reliable, and reliable cars. low maintenance. The former CEO of the Akio Toyota company was famous for criticizing electric vehicles, saying they were overrated and not environmentally friendly. He outlined Company G's strategy and stated that the company's goal remains the same: to please the widest possible range of customers with the widest possible range of powertrains. Those powertrains will include hybrids like the Prius hydrogen fuel cell vehicles and traditional gasoline-powered internal combustion engine models, the company said its strategy is justified as not all areas of the world will adopt electric vehicles at once. same pace due to the high cost of vehicles as well as lack of infrastructure, they want to leave everyone with a choice and instead of using or what they will focus on, they will wait a little longer until they understand where they are going. runs the market.

Electric vehicles and countries in Africa, South Asia and South America are too expensive. with a very underdeveloped charging infrastructure and little customer appeal or knowledge. Toyota's top five markets: US, China, Japan, Canada and Australia, accounting for nearly 6.5 million. Global sales are countries with high EV adoption rates and government incentives for the transition. Less developed markets such as Indonesia, Brazil, Thailand. India and the Gulf States, its next largest markets, only account for 1 million combined sales when Toyota announced that Toyota would resign, as CEO analysts and investors hoped this would signal a change in Toyota's attitude toward electric vehicles. and that the company would finally catch up to its rivals. like Tesla, Volkswagen and Hyundai, however, the real

reason

became blindingly obvious.

Toyota does not plan more than 5 or 10 years ahead and changes its CEO based on market opinion. These guys are the largest automaker in the world for a reason: they plan over 20 periods of 50 and 100 years. Mr. Toyota will not leave Toyota; He is moving up from CEO to President, where he still oversees strategy. The CEO he personally chose to take charge of the infrastructure is fully developed and the prices are more affordable. Toyota's strategy is to offer customers a wide range of options including hydrogen hybrid fuel cells and traditional gasoline models with internal combustion engines that they believe will reach a broader range of customers than electric vehicles by yes alone.

In addition, Toyota has been investing heavily in fuel cell technology, which they consider more practical. solution than battery electric vehicles, they have already launched the Toyota Mirai, a hydrogen fuel cell vehicle, and are planning to launch more fuel cell vehicles in the future. Toyota believes that fuel cell vehicles offer several advantages over battery electric vehicles, including longer driving ranges, faster refueling times and more predictable performances in extreme weather conditions. Toyota also sees the potential for battery technology of hydrogen fuel to be used in other applications, such as powering buildings and providing backup power for emergencies, which they have been working to develop a Hydrogen Society in Japan, where they are building a hydrogen refueling station and encouraging other companies to invest in the technology despite its focus on fuel cell technology Toyota has not completely ignored EVS, they plan to launch six new battery electric models by 2025, the Toyota version moves up to RAV4 and a compact SUV, without However, these models will only be available in certain markets where EV adoption is more advanced.

In conclusion, Toyota's reluctance to adopt electric vehicles is based on a long-term strategy to provide customers with a wide range of options and invest in technologies that they believe will be most practical in the long term while other automakers rush to electrify its entire range. Toyota believes there will always be a market for other types of vehicles and that they can continue to be successful by offering customers a choice.