Toyota Chairman: EVs Are Starting to Make Sense
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Toyota Chairman Akio Toyoda emphasizes the need for multiple solutions to reduce carbon emissions in the auto industry, including hybrid cars.
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EV sales in the US are slowing down, leading to concerns for automakers and a shift towards hybrids.
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General Motors and Honda are ending their partnership to develop lower-priced EVs, signaling a pullback in EV plans.
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Japanese automakers, like Toyota, have been vocal about the challenges EVs face, such as high costs and limited charging infrastructure.
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Toyota and other Japanese automakers are focusing on hybrid vehicles as a bridging technology while studying frontrunners like Tesla
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Japanese automakers showcase concept EVs at the Japan Mobility Show, with some models expected to launch in the latter half of the decade.
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Foreign automakers at the show, including BYD, Mercedes-Benz, and BMW, display electric models available for purchase in some countries.
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Toyota's hybrid sales in North America are strong, while EVs face challenges in the US market due to high prices and limited range.
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Hybrid sales in the US are growing faster than the overall car market, leading automakers to prioritize promoting hybrids and plug-in hybrids.
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