Toyota CEO Akio Toyoda doesn't mince words. As the grandson of Toyota founder, Kiichiro Toyoda, the scion was raised surrounded by all aspects of the auto industry and his business acumen is second to none. So when he had some harsh words for electric vehicles, people took notice.
The Wall Street Journal noted the CEO's disdain for EVs boils down to his belief they'll ruin businesses, require massive investments, and even emit more carbon dioxide than combustion-engined vehicles.
"The current business model of the car industry is going to collapse," he said. "The more EVs we build, the worse carbon dioxide gets. When politicians are out there saying, 'Let's get rid of all cars using gasoline,' do they understand this?"
Toyoda further explained to his audience that the world would deplete its supply of electricity in the summer if all cars were running on electric power.
The required infrastructure to support 100 percent EVs would cost Japan alone between $135 billion and $358 billion.
Furthermore, most electricity is generated by fossil fuels like coal and natural gas, thus eliminating the entire concept of 'zero-emissions vehicles.'
https://carbuzz.com/news/toyota-ceo-has-harsh-words-about-electric-vehicles