Toyota Hits Back At Critics Consumers Set Pace Of Electrification
On June 15, the Japanese giant said that it needs to offer a variety of car choices for different markets and customers. In addition, it will continue to use fuel cell vehicles.
To popularize electric cars and plug-in hybrids, Toyota's Chief Technology Officer Masahiko Maeda said during the meeting.
As part of a response to questions from Danish pension fund AkademikerPension, Toyota also asked to refrain from lobbying against the transition to battery electric vehicles.
According to Toyota, hybrids still make sense in markets where battery electric vehicles aren't yet ready. Also, the carmaker is exploring green fuels, including hydrogen, for internal combustion engines.
A compact SUV co-developed with Subaru, Toyota's bZ4X is Toyota's first mass-produced electric vehicle.
The 2023 Toyota bZ4X starts at $42,000 before delivery, processing, and handling fees of $1,215 and applicable state and federal incentives.