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Toyota’s chief says electric vehicles are overhyped

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Also Read | Covid curve slumping across India“When politicians are out there saying, ‘Let’s get rid of all cars using gasoline,’ do they understand this?" Mr.

Toyoda said Thursday at a year-end news conference in his capacity as chairman of the Japan Automobile Manufacturers Association.He said if Japan is too hasty in banning gasoline-powered cars, “the current business model of the car industry is going to collapse," causing the loss of millions of jobs.Advocates of EVs say they can be charged at night when electricity demand is low and, over time, can grow in tandem with other green technologies such as solar power.Local news reports in early December said the Japanese government was about to announce a ban on the sale of new.

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