Thursday, February 2, 2023
News Toyota's Toyoda Slams EV Mandates

Toyota’s Toyoda Slams EV Mandates

Toyoda says EV rules could make cars a "flower on a high summit"

  • Says EV fleet would cause Japan to run out of power

  • Exec said costs could cost millions of jobs


The President of Toyota has said that EVs are overhyped, criticising moves to switch over entirely to electric cars as failing to consider the costs of an EV transition as well as the carbon emitted from electricity generation. A new report says that he also said that an overly hasty ban of gasoline power could cause the car industry to collapse, costing millions of jobs.

“When politicians are out there saying, ‘Let’s get rid of all cars using gasoline,’ do they understand this?” Akio Toyoda said Thursday at a year-end news conference in his capacity as chairman of the Japan Automobile Manufacturers Association, reports the Wall Street Journal. Toyoda was referring to his own statements that Japan would run out of electricity in the summer if all cars were electric. He said that a fleet of EVs would cost the country between 14 trillion and 37 trillion yen (CAD 173B to 457B).

Toyoda said that “The more EVs we build, the worse carbon dioxide gets,” a reference to Japan sourcing the vast majority of its electricity from burning coal, oil, and natural gas. While previously up to a third of electricity in the country was generated from nuclear energy, that percentage dropped significantly following the 2011 Fukushima disaster.

Reports earlier this month suggested that the Japanese government was preparing to announce a ban on gasoline car sales starting in 2035 (though still allowing hybrids). Toyoda said he feared regulations like this could make cars a “flower on a high summit.” Too expensive for many.

Toyota has long been a leader in hybrid vehicle tech and sales, though it does not currently offer BEVs for its home market. The brand has supported fuel cell research and does offer vehicles powered by hydrogen fuel cells.

 

 

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