{"id":2081119,"date":"2023-10-27T09:23:04","date_gmt":"2023-10-27T13:23:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ev-sceptic-toyota-chairman-says-people-are-finally-waking-up-to-reality-of-electric-vehicles\/"},"modified":"2023-10-27T09:27:45","modified_gmt":"2023-10-27T13:27:45","slug":"ev-sceptic-toyota-chairman-says-people-are-finally-waking-up-to-reality-of-electric-vehicles","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ev-sceptic-toyota-chairman-says-people-are-finally-waking-up-to-reality-of-electric-vehicles\/","title":{"rendered":"Toyota Chairman acknowledges growing acceptance of electric vehicles."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fev-sceptic-toyota-chairman-says-people-are-finally-waking-up-to-reality-of-electric-vehicles%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2081119&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><blockquote>\n<h2>Toyota Chairman:\u2064 Waning Demand for EVs \u200cShows\u2064 People \u200dare Waking Up to Reality<\/h2>\n<p>Toyota&#8217;s chairman and former CEO, Akio Toyoda,\u2063 made a bold statement at an auto show in Japan this week. He told reporters that the declining demand for electric\u2063 vehicles (EVs) is\u200d a clear sign that people are finally realizing that EVs are not\u200c the magical solution to carbon emissions that they have been made out to be.<\/p>\n<div class=\"my-5\">\n<p>&#8220;People are finally seeing reality&#8221; about EV technology, Mr. Toyoda declared. He spoke as the head of the Japan Automobile Manufacturers Association, the organizer of the event.<\/p>\n<\/p><\/div>\n<p>Mr. Toyoda, who \u2064has long been skeptical about the rapid \u2064adoption \u200bof EVs, \u2064stepped down as CEO \u200cof Toyota this year amid criticism that he wasn&#8217;t committed enough\u2062 to pushing the company towards <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/furious-radical-left-whines-over-stalled-build-back-better-agenda\/\" title=\"Furious Radical Left Whines over Stalled Build Back Better Agenda\">battery-powered cars<\/a>.<\/p>\n<div class=\"shortcode\">\n<div class=\"border-comp-divider mb-4 mr-4 w-full max-w-[500px] border px-5 py-4 text-[16px] leading-[20px] text-[#262626] md:float-left\" id=\"in_article_related_stories\">\n<h2 class=\"mb-3 font-sans text-[16px] font-semibold uppercase leading-[19px] text-[#2F2F2F]\">Related Stories<\/h2>\n<div class=\"mb-4 flex gap-2\">\n<div class=\"grow\">\n<div class=\"mb-1 line-clamp-4 sm:line-clamp-3\">\n            <a href=\"http:\/\/www.theepochtimes.com\/china\/ev-supply-chain-a-thorny-issue-in-eu-china-relations-5516578?ea_src=author_manual&#038;ea_med=related_stories\"><\/p>\n<h3 class=\"text-sm sm:text-base\">EV Supply Chain: A Thorny Issue in EU\u2013China Relations<\/h3>\n<p>            <\/a>\n          <\/div>\n<div class=\"text-comp-caption text-[14px] leading-[18px]\">10\/26\/2023<\/div>\n<\/p><\/div>\n<div class=\"shrink-0 basis-[70px] sm:basis-[120px]\">\n          <a href=\"http:\/\/www.theepochtimes.com\/china\/ev-supply-chain-a-thorny-issue-in-eu-china-relations-5516578?ea_src=author_manual&#038;ea_med=related_stories\">\n            <picture><source type=\"image\/webp\" https:><\/source><source type=\"image\/jpeg\" https:><\/source>\n            <\/picture>\n          <\/a>\n        <\/div>\n<\/p><\/div>\n<div class=\"mb-4 flex gap-2\">\n<div class=\"grow\">\n<div class=\"mb-1 line-clamp-4 sm:line-clamp-3\">\n            <a href=\"http:\/\/www.theepochtimes.com\/world\/uber-partners-with-chinese-automaker-to-offer-10000-evs-to-australian-drivers-5516375?ea_src=author_manual&#038;ea_med=related_stories\"><\/p>\n<h3 class=\"text-sm sm:text-base\">Uber Partners\u2062 With Chinese Automaker to Offer 10,000 EVs to Australian Drivers<\/h3>\n<p>            <\/a>\n          <\/div>\n<div class=\"text-comp-caption text-[14px] leading-[18px]\">10\/25\/2023<\/div>\n<\/p><\/div>\n<div class=\"shrink-0 basis-[70px] sm:basis-[120px]\">\n          <a href=\"http:\/\/www.theepochtimes.com\/world\/uber-partners-with-chinese-automaker-to-offer-10000-evs-to-australian-drivers-5516375?ea_src=author_manual&#038;ea_med=related_stories\">\n            <picture><source type=\"image\/webp\" https:><\/source><source type=\"image\/jpeg\" https:><\/source>\n            <\/picture>\n          <\/a>\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>When asked about \u200bthe declining demand for EVs, Mr.\u200c Toyoda&#8217;s response suggested that he \u200cfeels vindicated in his\u2063 skepticism.<\/p>\n<p>&#8220;There are many ways to achieve carbon\u200d neutrality,&#8221; he stated, implying that consumers are waking\u2064 up \u2063from a dreamscape created by <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/climate-change-alarmists-pressure-banks-to-drop-fossil-fuel-financing-amid-soaring-oil-and-gas-prices\/\" title=\"Climate Change Alarmists Pressure Banks to Drop Fossil Fuel Financing amid Soaring Oil and Gas Prices\">climate change alarmists<\/a> who have exaggerated the benefits of \u200cEVs while downplaying their drawbacks.<\/p>\n<p>His remarks come as the growth of EV demand\u2064 in\u200c various markets has slowed, leading some companies to scale\u2064 back \u2063their electrification plans.<\/p>\n<div class=\"shortcode post-related-videos\">\n<div class=\"lazyload-wrapper\">\n<div class=\"lazyload-placeholder\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"post-figure\" style=\"margin-left:0;margin-right:0;max-width:1200px\">\n<figure style=\"width:640px;margin-left:auto;margin-right:auto\" class=\"alignnone\"><figcaption>Toyota Motor Corporation \u200bcars are seen at a briefing\u200d on the \u200dcompany&#8217;s strategies for battery EVs in Tokyo, on Dec.\u200d 14, 2021.\u200b (Kim Kyung-Hoon\/Reuters)<\/figcaption><\/figure>\n<\/p><\/div>\n<div class=\"my-5\">\n<h2>Waning Demand<\/h2>\n<p>Market research firm Canalys estimates that\u2063 global sales \u2064of EVs rose 49 percent in the first half of\u200b this year,\u2062 down from last year&#8217;s 63 percent\u200d pace \u200dof growth.<\/p>\n<\/p><\/div>\n<p>Honda and General Motors recently announced the cancellation of \u200ca $5 billion plan to develop EVs together, \u200cwhile GM revealed a slowdown in its electrification strategy.<\/p>\n<div class=\"my-5\">\n<p>GM is &#8220;moderating the acceleration of EV production to protect our pricing, adjust to slower near-term growth in demand and implement engineering changes that\u2064 will bolster profits,&#8221; said GM Chief Financial Officer Paul Jacobson.<\/p>\n<\/p><\/div>\n<div class=\"post-figure\" style=\"margin-left:0;margin-right:0;max-width:1200px\">\n<figure style=\"width:640px;margin-left:auto;margin-right:auto\" class=\"alignnone\"><figcaption>A general view of GMC Hummer EVs is pictured at General Motors&#8217; Factory ZERO <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/nolte-quinnipiac-joe-biden-approval-sinks-to-36-gop-up-8-on-generic-ballot\/\" title=\"Nolte: Quinnipiac - Joe Biden Approval Sinks to 36%, GOP Up 8 on Generic Ballot\">electric vehicle assembly plant<\/a> in Detroit, Michigan, on Nov. 17, 2021. (Nic Antaya\/Getty Images)<\/figcaption><\/figure>\n<\/p><\/div>\n<div class=\"my-5\">\n<p>Ford also announced\u2062 a temporary cut in \u200dproduction for its electric F-150 Lightning pickup truck after slowing down\u200b its EV ramp-up in July.<\/p>\n<\/p><\/div>\n<p>&#8220;EV demand next year could be lower than expectations,&#8221; warned Lee Chang-sil, CFO at South Korean battery maker LG Energy Solution.<\/p>\n<div class=\"my-5\">\n<p>Transportation Secretary Pete Buttigieg, a proponent of EVs, recently admitted to the challenges of finding reliable EV charging stations. This admission came as the federal agency he leads announced $100 million in funding for EV charging stations.<\/p>\n<\/p><\/div>\n<h2>&#8216;Automotive Seasoning&#8217;<\/h2>\n<p>Interestingly,\u2064 Mr. Toyoda&#8217;s remarks at the \u2063auto show contradict the EV-boosting speech given by \u200cthe current Toyota CEO and President, Koji Sato.<\/p>\n<div class=\"my-5\">\n<p>Mr. Sato\u2063 hyped up EVs during a press briefing, emphasizing their eco-friendliness and \u2063unique driving experience.<\/p>\n<\/p><\/div>\n<p>However, Mr. Sato acknowledged the need to \u200baddress the drawbacks of EVs,\u2064 such as limited driving range, in order\u2063 to achieve their vision for battery EVs.<\/p>\n<p>While lower center of gravity and spacious interiors may\u2064 appeal to some drivers, overcoming &#8220;range anxiety&#8221; remains a significant challenge for widespread EV adoption.<\/p>\n<h2>Range Anxiety<\/h2>\n<div class=\"my-5\">\n<p>One of the main concerns among\u2063 Americans considering EVs is range anxiety, the fear \u200dof \u200brunning out of power without access to a charging port.<\/p>\n<\/p><\/div>\n<div class=\"my-5\">\n<p>A recent \u2062study by the American Automobile Association (AAA) found that EV range can decrease by up to a quarter when\u2062 carrying heavy loads.<\/p>\n<\/p><\/div>\n<p>Another study by consultancy Ernst &#038; Young highlighted range \u200danxiety as the second-most cited concern about switching to EVs, with a lack of public\u200d charging stations being the top\u2063 concern.<\/p>\n<p>The study estimates\u2063 a need for nearly 69 million chargers across the United\u200d States and Canada by 2035 to support the pace of the EV transformation.<\/p>\n<p>President Joe Biden aims for 50 percent of all new vehicles by 2030 to be EVs or plug-in hybrids.<\/p>\n<\/blockquote>\n<p> <\/p>\n<h2> How does the issue of charging infrastructure impact the demand for EVs?<\/h2>\n<p><span>  In a surprising statement made at an auto show in Japan,\u200c Toyota&#8217;s chairman and\u200d former CEO, Akio Toyoda, has declared that the declining demand for electric vehicles (EVs) indicates that people are finally waking up to the reality that EVs are\u2064 not the\u200c magical solution\u2064 to carbon emissions that they have been portrayed as. \u200bThis statement \u2064comes as a departure from the industry&#8217;s general narrative of promoting EVs as the future of transportation and as a solution to \u200breduce carbon emissions.<\/p>\n<p>As the head of the Japan Automobile Manufacturers Association, the organizer of the event, \u200dMr. Toyoda emphasized\u200c that people are now seeing the reality about EV technology. This remark exhibits his long-held skepticism about \u200bthe rapid adoption \u2062of EVs. It is worth noting that \u2062he stepped down as CEO of \u200cToyota this year amidst criticism that he was not committed enough\u200b to pushing the company towards\u2062 battery-powered cars. Now, his statement seems to validate his previous reservations about EVs.<\/p>\n<p>The declining\u2063 demand\u2063 for EVs raises questions about their viability as a sustainable and widespread transportation option. While EVs have gained popularity in recent years, with governments and companies around the world investing in their development, this shift in consumer demand suggests that there\u2064 may be limitations \u200band challenges associated with EVs that were not initially considered.<\/p>\n<p>One possible explanation for the declining demand is the issue \u200dof charging infrastructure. EVs \u200brequire charging stations for long-distance travel, which\u2062 are currently limited in many regions. The lack of \u200ba comprehensive and accessible charging network may deter potential buyers from investing \u200din EVs. \u2062Furthermore, \u200cthe time required for charging \u200ccompared to refueling a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/ev-sceptic-toyota-chairman-says-people-are-finally-waking-up-to-reality-of-electric-vehicles\/\" title=\"Toyota Chairman acknowledges growing acceptance of electric vehicles.\">traditional gasoline-powered vehicle remains<\/a> a significant inconvenience for consumers.<\/p>\n<p>Another factor could be the cost of\u2062 EVs. Despite advancements in technology, EVs often come with a higher price tag compared\u2063 to traditional cars. The\u200d production and integration of batteries contribute significantly to the overall cost of an EV. This may make EVs less accessible to a broader range of consumers, particularly in price-sensitive markets.<\/p>\n<p>Furthermore, concerns\u2064 about the environmental\u2064 impact\u200d of\u2062 battery production and disposal \u200dare also emerging. The extraction of raw materials for batteries, such \u2062as lithium, cobalt, and \u200dnickel, raises environmental and ethical concerns. Additionally, the disposal of used batteries poses challenges in terms of recycling \u2064and preventing potential environmental contamination.<\/p>\n<p>Interestingly, Mr. \u2064Toyoda&#8217;s statement seems to \u2064align with \u200brecent developments in the automotive industry. Many major car manufacturers, including Toyota, have been exploring alternative fuel \u200csources such as <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/uk-announces-in-depth-probe-of-adobes-20-billion-figma-deal\/\" title=\"UK to investigate Adobe's B Figma deal thoroughly.\">hydrogen fuel cell technology<\/a>, which offers longer ranges and shorter refueling times compared to EVs. This shift suggests that the industry itself is acknowledging the limitations and challenges associated with\u2062 EV technology.<\/p>\n<p>It is important to note that the\u200d declining demand for EVs does not mean that efforts to reduce carbon emissions should be abandoned. The transportation sector plays a significant\u200b role in carbon emissions, and finding sustainable alternatives is crucial. However, it is \u200dessential to approach this issue critically and consider multiple avenues for reducing emissions, rather than relying solely on one \u2062technology.<\/p>\n<p>In conclusion, Mr. Toyoda&#8217;s statement about the waning demand for EVs reflects a growing realization among consumers that EVs may not be the ideal solution to carbon emissions. This shift in perspective raises important questions\u2063 about the\u200c long-term viability and limitations of EV technology. It emphasizes the need for a \u2063comprehensive and holistic approach to reducing emissions in the transportation sector, considering various technologies\u200c and fuel sources. As the industry\u2062 continues to evolve, it will be interesting to see how manufacturers and consumers \u200cnavigate these \u200dchallenges and work towards \u200da sustainable future of \u200ctransportation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>are starting to realize that there is no one-size-fits-all solution to carbon emissions,&#8221; said Toyota&#8217;s chairman, Akio Toyoda, at a recent auto show in Japan. He highlighted the declining demand for electric vehicles (EVs) as evidence that the public is becoming more aware of the limitations of EVs in combating carbon emissions.<\/p>\n","protected":false},"author":118,"featured_media":2081120,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-2081119","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2081119","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/118"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2081119"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2081119\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2081120"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2081119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2081119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2081119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}