spot_img
spot_img

Toyota considers altering older vehicles to reach its sustainability goals

To hasten the global transition to sustainable transportation, Toyota CEO Akio Toyoda suggested replacing the powertrains of its vehicles already on the road at a recent event. 

His message was that, contrary to what some critics have claimed, Toyota is not lagging in the space of electric vehicles. He further highlighted the technology, market expertise, financial resources, and engineering required to continue to be a formidable contender in producing green vehicles. 

Toyoda told reporters that because zero-emission vehicles account for such a small percentage of sales, it would take a while for all automobiles to achieve this status. The best choice, in his opinion, was to “convert” vintage cars to run on green fuel.

Because of growing concerns about climate change, the auto industry is changing. Yet, automakers are frequently held responsible.

Toyoda noted that while environmental initiatives in the auto industry were beginning to be recognized in many countries, he felt underappreciated in Japan.

With its hybrid technology, Toyota has dominated the market. The Prius, for example, features a gasoline engine and an electric motor that alternate to provide the most efficient ride. That is frequently interpreted as an indication of its resistance to going all-electric.

Despite the fuss around relative newcomers like Tesla, battery electric vehicles account for about 20% of the auto market. Yet, when transitioning to electricity, Europe continues to lead the U.S. and Japan.

On the other hand, Matthias Schmidt, chief auto analyst at Schmidt Automotive Research, claimed there are a few reasons why the price of EVs might increase due to the shortage of particular components like lithium. Instead, buyers might continue buying hybrids.


Did you enjoy this article? Please share your thoughts, comments, or questions regarding this topic by connecting with us at newsroom@cbtnews.com.

Be sure to follow us on Facebook, LinkedIn, and TikTok to stay up to date.

While you’re here, don’t forget to subscribe to our email newsletter for all the latest auto industry news from CBT News.

spot_img
Jaelyn Campbell
Jaelyn Campbell
Jaelyn Campbell is a staff writer/reporter for CBT News. She is a recent honors cum laude graduate with a BFA in Mass Media from Valdosta State University. Jaelyn is an enthusiastic creator with more than four years of experience in corporate communications, editing, broadcasting, and writing. Her articles in The Spectator, her hometown newspaper, changed how people perceive virtual reality. She connects her readers to the facts while providing them a voice to understand the challenges of being an entrepreneur in the digital world.

Related Articles

spot_img

Latest Articles

From our Publishing Partners