Japan’s industrial production rose more than expected in October, offering a fresh sign of economic resilience as improvement in supply chains bolstered automakers and inventory adjustments underpinned the electronics parts industry.
Electric-vehicle sales are poised to more than double by 2026 but eliminating emissions from road transportation by the middle of this century will require even greater efforts, according to BloombergNEF.
Toyota and Hyundai have put their weight behind hydrogen fuel-cell vehicles in the push to reach net zero emissions, but dismal sales in 2022 suggest customers remain extremely wary.
Toyota Motor Corp. pledged to invest up to around $5.6bn to boost electric car battery production in Japan and the US as consumer demand for cleaner transport takes off globally.
Tesla reported the vast majority of crashes involving automated driver-assist systems that have been disclosed to the US National Highway Traffic Safety Administration, according to new figures from the regulator that it says are too limited to draw any safety conclusions.