Toyota, like some of the other top carmakers, has expressed a view that the goal of carbon neutrality to prevent climate change is not a single-solution – going electric with motor vehicles – approach. While they do recognise the importance of moving towards that goal, they feel that the electric-only solution is not practical and is also costly. A choice of solutions that include some existing technologies (improved, of course) is being promoted as a more realistic approach.
Toyota’s President, Akio Toyoda, is very vocal about this and was among the first car company CEOs to state the position. Perhaps that encouraged the CEOs in the other companies to also echo similar views but still committing to increasing production of zero emissions battery electric vehicles (BEVs). They are probably under a lot of pressure to allocate massive funding for BEV R&D and at the same time, they still need to continue some development of combustion engine powertrains.
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