Akio Toyoda: Electric cars are being overhyped.

According to The Wall Street Journal, recently Toyota CEO Akio Toyoda said that electric vehicles are overhyped and the carbon emissions from the power generation process and the cost of transitioning to electric vehicles have not been taken into consideration.

As the chairman of the Japan Automobile Manufacturers Association, Akio Toyoda questioned at a year-end press conference on Thursday what politicians truly understand about the call to stop using gasoline-powered vehicles.

Akio Toyoda estimated that Japan may spend between ¥14 trillion ($135 million) and ¥37 trillion ($358 million) to build infrastructure that supports electric vehicles. He also said that if electric vehicles become mainstream in the future, Japan’s electricity will be exhausted during the summer.

Earlier this month, it was reported that Japan is considering banning the sale of gasoline-powered cars domestically from 2030 to the mid-2040s, and only selling electric cars.

🔗Source: WSJ

This article is a translation by ChatGPT of a Chinese report from 42HOW. If you have any questions about it, please email bd@42how.com.