Former Toyota CEO Akio Toyoda said this time, “An electric-only future would destroy millions of jobsPay attention to the description pulled.
Akio Toyoda, “There are 5.5 million people working in the automotive industry in Japan. Among these people, there are also those who have been doing engine-related business for a long time. “If electric vehicles become the only option, these people will lose their jobs.” He made a statement. For a very long time, Toyoda has not accepted a future with only electric vehicles in the automobile industry. And He argues that internal combustion models must survive. Stating that vehicles with cleaner internal combustion engines can be produced, Toyoda said in a statement: “No matter how much progress BEVs (Battery Electric Vehicles) make, hybrids, fuel cell electric vehicles and hydrogen powered vehicles will still He believes that it will constitute 70 percent of the automotive market.“ he had stated. In other words, many people agree with the manager who thought that electric vehicles could not achieve a market share of more than 30 percent, because there were millions who did not believe in the future of electric vehicles. However, electric vehicles are definitely the future of the industry. Especially when models with solid-state batteries begin to arrive in 2026 and later, many manufacturers may even give up producing fuel cell electric vehicles, and internal combustion engines may become history regardless of the fuel they use.
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As we have learned in recent months, the Japanese automaker’s revenues reached an all-time high, reaching 45.1 trillion yen, increasing by 21.4 percent in the fiscal year until March compared to the previous fiscal year. With the impact of hybrid demand, the company’s net profit doubled compared to the previous fiscal year and reached 4.94 trillion yen (31.9 billion dollars), and the brand wants to transfer the high income it has earned to electric cars.
After Koji Sato came to power, he started to give more importance to electric vehicles. Toyotadoes not base its future entirely on electric vehicles, that is, it still wants to develop vehicles with internal combustion engines, but now It will invest in electric models like never before. As you know, electric cars are like computers. In this context, the company does not forget the software side, It is stated that more money will be poured into artificial intelligence-supported automobile software than before. An analyst on this subject “The battleground of the auto industry appears to be rapidly shifting from electric vehicles to artificial intelligence.” he says.