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Toyota Plays Tesla Spoiler: Sees a Mismatch in Cost vs. Goals for the EV Industry

“When politicians are out there saying, ‘Let’s get rid of all cars using gasoline,’ do they understand this?” Toyoda was quoted as saying in an article in The Wall Street Journal. The problem appears to be with the pace of change. He is worried that politicians setting EV policy don’t understand the numbers. By 2035, China, for instance, doesn’t want there to be any gas-only vehicles sold in the country. The goal is for 50% of new-car sales to be zero emission either fuel-cell or battery electric and 50% battery hybrid vehicles. Japanese politicians, some European countries, and some U.S. states, led by California, have proposed similar goals.

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