So the worlds car manufacturers are lining up: The Volkswagon group and GM are going “full electric” — so they say. Ford Motor Co claims its line-up in Europe will be fully electric by 2030, while Tata Motors unit Jaguar Land Rover said its luxury Jaguar brand will be entirely electric by 2025.
But Toyota and Honda are not.
At least investors (and consumers) have a choice. Presumably , the US Democrats will want to change that.
Bryan Preston, PJ Media
When Toyota offers an opinion on the car market, it’s probably worth listening to. This week, Toyota reiterated an opinion it has offered before. That opinion is straightforward: The world is not yet ready to support a fully electric auto fleet.
Toyota’s head of energy and environmental research Robert Wimmer testified before the Senate this week, and said: “If we are to make dramatic progress in electrification, it will require overcoming tremendous challenges, including refueling infrastructure, battery availability, consumer acceptance, and affordability.”
Of those, “Consumer Acceptance” is the easiest thing to change (especially with a law and the right amount of jail time).
But last time we looked, a quarter of UK drivers wouldn’t even buy an Electric car “in their lifetimes”.
Only 1 in 50 US cars are electric:
Toyota warns that the grid and infrastructure simply aren’t there to support the electrification of the private car fleet. A 2017 U.S. government study found that we would need about 8,500 strategically-placed charge stations to support a fleet of just 7 million electric cars. That’s about six times the current number of electric cars but no one is talking about supporting just 7 million cars. We should be talking about powering about 300 million within the next 20 years, if all manufacturers follow GM and stop making ICE cars.
The scale of the switch hasn’t even been introduced into the conversation in any systematic way yet. According to FinancesOnline, there are 289.5 million cars just on U.S. roads as of 2021. About 98 percent of them are gas-powered. Toyota’s RAV4 took the top spot for purchases in the U.S. market in 2019, with Honda’s CR-V in second. GM’s top seller, the Chevy Equinox, comes in at #4 behind the Nissan Rogue. This is in the U.S. market, mind. GM only has one entry in the top 15 in the U.S. Toyota and Honda dominate, with a handful each in the top 15.