KahnBB6
Well-Known Member
This might not be a good development for Akio Toyoda... : /
They might be pursuing hybrids in the immediate but my impression has been that a lot of new Toyota and Lexus models are being designed as EVs already? The exceptions being GR models (hybrids) and some heavy duty models and H2 fuel cell electrics and some H2 combustion motorsports efforts.
Volume production solid state batteries and ultra-capacitors can't come fast enough for this and pretty much every automaker.
https://jalopnik.com/toyota-s-ev-strategy-might-be-akio-toyoda-s-undoing-t-1850528784
They might be pursuing hybrids in the immediate but my impression has been that a lot of new Toyota and Lexus models are being designed as EVs already? The exceptions being GR models (hybrids) and some heavy duty models and H2 fuel cell electrics and some H2 combustion motorsports efforts.
Volume production solid state batteries and ultra-capacitors can't come fast enough for this and pretty much every automaker.
https://jalopnik.com/toyota-s-ev-strategy-might-be-akio-toyoda-s-undoing-t-1850528784
Despite being the darling of eco-conscious drivers 20 years ago with the launch of the Prius, Toyota has been stagnant in its efforts to electrify its range. Where outfits like VW have made efforts to electrify various segments of the market, Toyota was late to introduce a fully electric vehicle and now, when companies like BMW have four, or more, EVs in their ranges, Toyota still just has one: the bZ4x.
Now, that sluggish uptick in electric vehicles at Toyota could be about to hit company chairman Akio Toyodaâs vision for the future. According to The Wall Street Journal, the chairman of the companyâs board is set to face a vote against his leadership brought on by the automakerâs shareholders. The WSJ reports:
Shareholders including the New York City comptrollerâs office, the California Public Employeesâ Retirement System and a handful of European asset managers say they have voted or plan to vote to oust several Toyota directors including Toyoda from their board seats at the meeting Wednesday.
While citing governance issues as one reason, they say their vote is also a protest against Toyodaâs policy of not setting a date by which the carmakerâs lineup will be all electric.
Brad Lander, the New York City comptroller and one of the shareholders looking to vote on the matter, told The WSJ that he wanted to be âpersuaded that there is a transitionâ to EVs under way at Toyota.
There should be no surprise that the focus of this vote is on Toyoda. The 67-year-old has been a rare âvoice of cautionâ against the auto industryâs infatuation with EVs. He believes the âworld isnât readyâ to go all in on electric cars due to âproblems such as inadequate charging infrastructure, shortages of battery materials and the reliance of many nations on carbon-emitting fossil fuels for electricity,â The WSJ reports.
The site reports that this might not be enough for Toyoda to lose his seat, and says that the chance of him losing a vote remains âminuscule.â However, it says that votes such as this are used to protest executives and help ânudgeâ businesses around to their way of thinking.
I guess the result of if this tactic works or not will be the day we finally see an all-electric lineup at Toyota. Letâs not hold our breath for that just yet.
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