Monthly Archive: January 2024

Toyota exec says EVs won’t top 30%, wants new engines

Akio ToyodaThe chairman of Toyota is most definitely not all-in on EVs—or the idea that they might even be a third of the market, perhaps ever. In comments published Tuesday in Toyota’s own Toyota Times corporate newsletter, from an event earlier this month, the CEO said that he does not see battery electric vehicles reaching more than 30% of the...