Even as other automakers embraced electric cars, Toyota bet its future on the development of hydrogen fuel cells — a costlier technology that has fallen far behind electric batteries — with greater use of hybrids in the near term. That means a rapid shift from gasoline to electric on the roads could be devastating for the company’s market share and bottom line.
In recent months, Toyota has quietly become the auto industry’s strongest voice opposing an all-out transition to electric vehicles — which proponents say is critical to fighting climate change, Hiroko Tabuchi reports in The New York Times.
Last month, Chris Reynolds, a senior executive who oversees government affairs for the company, traveled to Washington for private meetings with congressional staff members and outlined Toyota’s opposition to an aggressive transition to all-electric cars. He argued that gas-electric hybrids like the Prius and hydrogen-powered cars should play a bigger role, according to four people familiar with the talks.
The recent push in Washington follows Toyota’s worldwide efforts — in markets including the United States, Britain, the European Union and Australia — to oppose stricter car emissions standards or fight electric vehicle mandates.
"electric" - Google News
July 27, 2021 at 06:27PM
https://ift.tt/3l4ekZE
Toyota, a pioneer of hybrids, resists the push toward electric cars. - The New York Times
"electric" - Google News
https://ift.tt/2yk35WT
https://ift.tt/2YsSbsy
Bagikan Berita Ini
0 Response to "Toyota, a pioneer of hybrids, resists the push toward electric cars. - The New York Times"
Post a Comment