Toyota Chairman Akio Toyoda recently expressed doubt that electric vehicles will be the sole replacement for internal combustion engine cars, Yahoo! Finance reports.
During a question-and-answer session with Toyota employees, Toyoda argued that a “multi-pathway approach” would be more effective than a sole focus on EVs.
“The enemy is CO2,” said Toyoda.
Toyoda believes that EVs will account for 30pc of the market–only a third–with the remaining 70pc being claimed by fuel cell EVs, hybrids, and hydrogen vehicles. He cited issues such as the cost of EVs and a lack of adequate global infrastructure as the biggest roadblocks to full EV transition.
Instead, Toyoda outlined plans the automaker has for alternative technologies, such as a new combustion engine the company is working on, which would help retain jobs for engine factory workers while still advancing clean energy solutions.