According to the Wall Street Journal, the chief executive and grandson of Toyota Motor founder Sakichi Toyoda said there is a “silent majority” questioning whether EVs should be pursued exclusively. His comments reflect a growing concern about how quickly car companies can transition to electric vehicles. “Because the right answer is still unclear, we shouldn’t limit ourselves to just one option,” Toyoda explained. He did add that Toyota was taking all types of vehicles seriously, including EVs. In late 2021, the company pledged to spend up to $35 billion on its EV lineup through 2030. Link to the article below – it is behind a paywall so a subscription is required.

Link to the WSJ Article