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| Name | Is Toyota Late To EVs? |
| Video Uploader | Video From CNBC |
| Upload Date | This Video Uploaded At 18-01-2023 12:00:13 |
| Video Discription | Update: On January 26 2023, Toyota announced that CEO and President Akio Toyoda would step down in April and assume the role of chairman of the board. Environmentalists and electric vehicle advocates are accusing the world's largest automaker, Toyota, for dragging its feet, and even opposing electrification. But Toyota, which sells 10.5 million cars a year in 170 countries, argues that many of those markets aren’t ready for electric vehicles. The company announced a $35 billion investment in EVs in December 2021 along with an investment of equal size in hybrids and hydrogen fuel cell vehicles. As of early 2023, the company sells only one electric vehicle, the bZ4X, which it has only sold in small quantities. It has, however, said it is planning to release 30 EV models by 2030, which would be a quarter of the total number of models it currently makes. Will it be able to catch-up with the rest of the world, or is Toyota actually in the driver’s seat by going slow in EV adoption given how small the global market share is in total vehicle sales? Chapters: 1:43 — Chapter 1 6:43 — Chapter 2 10:25 — Chapter 3 Produced by: Robert Ferris Edited by: Dymond Green Senior Managing Producer: Tala Hadavi Graphics by: Jason Reginato Additional sources: Toyota, International Energy Agency, California New Car Dealers Association » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC Is Toyota late to EVs? |
| Category | News & Politics |
| Tags | CNBC | CNBC original | business | business news | finance | financial news | markets | money | cars | Toyota | vehicles | electric vehicles | EVs | car market | consumers | electric power | $35 billion | investment | driving | vehicle safety | manufacturing | vehicle manufacturing |
