Toyota predicts EVs will never take more than 30% of market

Toyota’s chairman has fired back at criticism the carmaker has been too slow to adopt electric vehicles by stating they will never take more than 30% of the market. Petrol, diesel and hydrogen-fuelled cars will always have a much bigger share, according to Akio Toyoda who was speaking at an event broadcast on Tuesday. Toyoda has faced the brunt of criticism for Toyota’s cautious approach to EVs where despite being the world’s largest carmaker overall it is trailing well behind Tesla and its fast-growing Chi ...